Discover Financial Services (NYSE:DFS) Price Target Raised to $214.00 at Wells Fargo & Company

Discover Financial Services (NYSE:DFS) had its price target boosted by analysts at Wells Fargo & Company from $185.00 to $214.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 6.53% from the company’s current price.

DFS has been the topic of several other research reports. Royal Bank of Canada increased their price target on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday. Barclays raised their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $175.43.

Discover Financial Services Trading Up 1.7 %

Shares of NYSE:DFS opened at $200.89 on Friday. The firm has a market capitalization of $50.48 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46. Discover Financial Services has a 12-month low of $99.79 and a 12-month high of $204.93. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $177.76 and a two-hundred day moving average of $153.68.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. On average, equities analysts expect that Discover Financial Services will post 12.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Discover Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. raised its holdings in Discover Financial Services by 506.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services during the third quarter worth $30,000. Grove Bank & Trust lifted its stake in Discover Financial Services by 78.1% in the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares during the period. Hantz Financial Services Inc. bought a new position in Discover Financial Services during the fourth quarter worth about $37,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds 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.