Discover Financial Services (NYSE:DFS) Price Target Raised to $262.00 at Truist Financial

Discover Financial Services (NYSE:DFS) had its price target raised by stock analysts at Truist Financial from $233.00 to $262.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target indicates a potential upside of 31.36% from the company’s current price.

Several other equities research analysts have also weighed in on DFS. StockNews.com lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their target price 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. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Discover Financial Services currently has an average rating of “Hold” and an average price target of $182.64.

Discover Financial Services Trading Down 1.3 %

DFS traded down $2.64 during mid-day trading on Monday, reaching $199.46. The stock had a trading volume of 274,926 shares, compared to its average volume of 1,530,851. The firm’s fifty day simple moving average is $178.82 and its two-hundred day simple moving average is $154.86. The stock has a market capitalization of $50.13 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.15 and a beta of 1.46. Discover Financial Services has a 52 week low of $104.08 and a 52 week high of $204.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DFS. DiNuzzo Private Wealth Inc. raised its stake in 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 valued at $26,000 after purchasing an additional 157 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services in the 3rd quarter valued at approximately $30,000. Grove Bank & Trust lifted its holdings in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 89 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $37,000. Finally, Pinnacle Bancorp Inc. increased its stake in Discover Financial Services by 37.1% in the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. 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.