Discover Financial Services (NYSE:DFS) Stock Rating Lowered by StockNews.com

Discover Financial Services (NYSE:DFS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

DFS has been the topic of several other reports. Jefferies Financial Group raised their price objective on shares of Discover Financial Services from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Discover Financial Services from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Wells Fargo & Company increased their target price on Discover Financial Services from $152.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Barclays lifted their target price on Discover Financial Services from $135.00 to $137.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $138.81.

Discover Financial Services Stock Performance

Shares of DFS opened at $151.77 on Monday. Discover Financial Services has a 52 week low of $82.15 and a 52 week high of $157.06. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The stock has a market cap of $38.10 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.97 and a beta of 1.41. The business’s 50 day moving average price is $141.27 and its 200-day moving average price is $133.25.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the company posted $2.59 earnings per share. Equities research analysts anticipate that Discover Financial Services will post 13.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Discover Financial Services in the 2nd quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after buying an additional 157 shares during the period. Y.D. More Investments Ltd raised its stake 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 worth $29,000 after buying an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Discover Financial Services by 72.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock valued at $30,000 after buying an additional 95 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Discover Financial Services by 348.2% during the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $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.

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; 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.