Discover Financial Services (NYSE:DFS) Price Target Cut to $146.00 by Analysts at JPMorgan Chase & Co.

Discover Financial Services (NYSE:DFS) had its price target trimmed by JPMorgan Chase & Co. from $150.00 to $146.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the stock. Truist Financial began coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price for the company. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $137.00 to $186.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, January 3rd. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $164.75.

Discover Financial Services Stock Up 3.1 %

Shares of NYSE:DFS opened at $181.10 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $176.40 and a two-hundred day simple moving average of $151.42. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.26. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.12 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (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 firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. On average, research analysts anticipate that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

Institutional Trading of Discover Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFS. Acadian Asset Management LLC grew its position in shares of Discover Financial Services by 3,445.0% during the 2nd quarter. Acadian Asset Management LLC now owns 5,991 shares of the financial services provider’s stock worth $783,000 after buying an additional 5,822 shares in the last quarter. Parallel Advisors LLC grew its holdings in Discover Financial Services by 1.7% during the 2nd quarter. Parallel Advisors LLC now owns 6,172 shares of the financial services provider’s stock worth $807,000 after acquiring an additional 102 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in Discover Financial Services during the 2nd quarter valued at about $266,000. Wealthspire Advisors LLC raised its holdings in shares of Discover Financial Services by 16.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 3,443 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 490 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Discover Financial Services in the 2nd quarter worth approximately $342,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

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.