Discover Financial Services (NYSE:DFS) Given New $163.00 Price Target at Evercore ISI

Discover Financial Services (NYSE:DFS) had its target price increased by stock analysts at Evercore ISI from $156.00 to $163.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 9.82% from the company’s previous close.

A number of other brokerages have also weighed in on DFS. Barclays raised their price objective on shares of Discover Financial Services from $135.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods raised their price target on Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their price objective on Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, StockNews.com started coverage on Discover Financial Services in a research note on Sunday, October 27th. They set a “buy” rating for the company. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services presently has an average rating of “Hold” and an average price target of $136.53.

Discover Financial Services Trading Down 3.9 %

DFS opened at $148.43 on Wednesday. The business has a fifty day moving average price of $140.21 and a 200 day moving average price of $132.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.04. Discover Financial Services has a 12 month low of $81.09 and a 12 month high of $157.06. The stock has a market capitalization of $37.27 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.94 and a beta of 1.41.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 20.92% and a net margin of 12.88%. During the same period in the previous year, the company posted $2.59 earnings per share. Sell-side analysts expect that Discover Financial Services will post 13.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Discover Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. grew its position in Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Discover Financial Services in the 2nd quarter worth $26,000. Y.D. More Investments Ltd boosted its holdings in shares of Discover Financial Services by 147.8% in the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Discover Financial Services by 72.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 95 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Discover Financial Services by 348.2% during the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.