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

Discover Financial Services (NYSE:DFS) had its target price lifted by stock analysts at Wells Fargo & Company from $185.00 to $214.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 6.16% from the company’s previous close.

Other analysts also recently issued reports about the company. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial assumed coverage on Discover Financial Services in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Barclays boosted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada raised their target price 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. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Discover Financial Services has an average rating of “Hold” and a consensus price target of $180.57.

Discover Financial Services Price Performance

DFS stock opened at $201.59 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $50.66 billion, a P/E ratio of 12.63, a PEG ratio of 1.15 and a beta of 1.46. The business has a 50 day simple moving average of $178.82 and a 200-day simple moving average of $154.51. Discover Financial Services has a twelve month low of $101.71 and a twelve month high of $204.93.

Discover Financial Services (NYSE:DFS) last issued 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 net margin of 17.29% and a return on equity of 27.52%. As a group, equities analysts anticipate that Discover Financial Services will post 12.82 EPS for the current year.

Institutional Trading of Discover Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its position in Discover Financial Services by 58.8% during the second quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock worth $12,096,000 after buying an additional 34,226 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Discover Financial Services by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,070 shares of the financial services provider’s stock valued at $6,288,000 after acquiring an additional 18,215 shares during the last quarter. AXA S.A. increased its position in Discover Financial Services by 141.5% during the 2nd quarter. AXA S.A. now owns 6,064 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 3,553 shares in the last quarter. AQR Capital Management LLC raised its stake in Discover Financial Services by 0.7% in the 2nd quarter. AQR Capital Management LLC now owns 171,921 shares of the financial services provider’s stock valued at $21,867,000 after purchasing an additional 1,165 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its holdings in Discover Financial Services by 588.8% in the 2nd quarter. MBB Public Markets I LLC now owns 17,818 shares of the financial services provider’s stock valued at $2,331,000 after purchasing an additional 15,231 shares in the last quarter. Hedge funds and other institutional investors 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.