Discover Financial Services (NYSE:DFS) has been given an average rating of “Hold” by the twenty research firms that are covering the firm, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $131.33.
A number of brokerages recently weighed in on DFS. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods increased their price target on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. StockNews.com began coverage on shares of Discover Financial Services in a research report on Thursday. They issued a “hold” rating on the stock. BTIG Research began coverage on Discover Financial Services in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. increased their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th.
Check Out Our Latest Stock Analysis on DFS
Hedge Funds Weigh In On Discover Financial Services
Discover Financial Services Stock Performance
Discover Financial Services stock opened at $126.39 on Monday. The company has a market cap of $31.70 billion, a PE ratio of 14.41, a PEG ratio of 0.90 and a beta of 1.43. The company’s 50-day moving average is $130.74 and its two-hundred day moving average is $124.38. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $147.61.
Discover Financial Services (NYSE:DFS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $3.00. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.18 billion. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. Discover Financial Services’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the company posted $3.54 EPS. Equities analysts anticipate that Discover Financial Services will post 12.23 earnings per share for the current year.
Discover Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.22%. Discover Financial Services’s dividend payout ratio is currently 31.93%.
About Discover Financial Services
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; private student loans, 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.
Further Reading
- Five stocks we like better than Discover Financial Services
- The How And Why of Investing in Oil Stocks
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- Investing In Automotive Stocks
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- Compound Interest and Why It Matters When Investing
- MarketBeat Week in Review – 8/5 – 8/9
Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.