Stocks: Analysts Set Discover Financial Services (DFS) PT at the $66.94

Stocks: Analysts Set Discover Financial Services (DFS) PT at the $66.94

Discover Financial Services (NYSE:DFS) has received a consensus rating of “Buy” from the twenty-seven research firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $66.94.

Several equities analysts have weighed in on DFS shares. Bank of America Corporation raised Discover Financial Services from a “neutral” rating to a “buy” rating in a report on Thursday, December 15th. DA Davidson reissued a “buy” rating on shares of Discover Financial Services in a report on Wednesday, December 14th. Stephens reissued an “underweight” rating and set a $62.00 price objective on shares of Discover Financial Services in a report on Wednesday, December 7th. Wedbush raised Discover Financial Services from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $72.00 to $78.00 in a report on Wednesday, December 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Discover Financial Services in a report on Sunday, December 4th.

Discover Financial Services (NYSE:DFS) opened at 72.09 on Wednesday. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 13.12 and a beta of 1.47. The stock has a 50 day moving average price of $69.62 and a 200 day moving average price of $59.69. Discover Financial Services has a 52 week low of $42.86 and a 52 week high of $73.62.

In other Discover Financial Services news, CEO David W. Nelms sold 15,000 shares of Discover Financial Services stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $56.46, for a total transaction of $846,900.00. Following the sale, the chief executive officer now directly owns 1,727,268 shares of the company’s stock, valued at approximately $97,521,551.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Roger C. Hochschild sold 10,000 shares of Discover Financial Services stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $68.16, for a total value of $681,600.00. Following the sale, the chief operating officer now directly owns 815,872 shares in the company, valued at $55,609,835.52. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Oakbrook Investments LLC raised its position in Discover Financial Services by 4.6% in the second quarter. Oakbrook Investments LLC now owns 52,962 shares of the financial services provider’s stock valued at $2,838,000 after buying an additional 2,350 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Discover Financial Services by 185.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 100,976 shares of the financial services provider’s stock valued at $5,412,000 after buying an additional 65,619 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in Discover Financial Services by 104.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,297,585 shares of the financial services provider’s stock valued at $69,537,000 after buying an additional 663,175 shares during the last quarter. CIBC World Markets Inc. raised its position in Discover Financial Services by 6.3% in the second quarter. CIBC World Markets Inc. now owns 20,553 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 1,222 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its position in Discover Financial Services by 1.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,680 shares of the financial services provider’s stock valued at $1,323,000 after buying an additional 350 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

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