Discover Financial Services (NYSE:DFS) Price Target Raised to $209.00 at Barclays

Discover Financial Services (NYSE:DFS) had its price objective hoisted by research analysts at Barclays from $186.00 to $209.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 4.04% from the stock’s current price.

A number of other research analysts have also recently weighed in on DFS. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $239.00 in a report on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upped their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial started coverage on Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $175.43.

Discover Financial Services Trading Up 1.7 %

DFS opened at $200.89 on Friday. The stock has a fifty day moving average price of $177.76 and a 200-day moving average price of $153.68. The firm has a market cap of $50.48 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.15 and a beta of 1.46. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12 month low of $99.79 and a 12 month high of $204.93.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. As a group, equities research analysts anticipate that Discover Financial Services will post 12.82 earnings per share for the current fiscal year.

Institutional Trading of Discover Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in DFS. State Street Corp increased its position in Discover Financial Services by 0.8% during the third quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after buying an additional 80,601 shares during the period. FMR LLC raised its position in Discover Financial Services by 8.0% in the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after purchasing an additional 558,227 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Discover Financial Services by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after purchasing an additional 12,255 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Discover Financial Services by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock worth $242,460,000 after acquiring an additional 7,751 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Discover Financial Services by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,063,980 shares of the financial services provider’s stock valued at $149,266,000 after purchasing an additional 4,594 shares during the period. 86.94% of the stock is owned by hedge funds and other institutional investors.

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.