Discover Financial Services (NYSE:DFS) has been given a consensus rating of Buy by analysts.

Discover Financial Services (NYSE:DFS) has received a consensus “Buy” rating from the nineteen analysts currently covering the stock, reports MarketBeat.com. Six research analysts have given the stock a hold recommendation and eleven have issued a buy recommendation to the company. The average 12-month target price from analysts who updated their coverage of the stock over the past year is $138.76.

Several equity analysts have commented on the company. Morgan Stanley lowered its price target on Discover Financial Services to $127.00 from $144.00 and gave the company an equal weight rating in a report Monday, March 28. Wolfe Research lowered Discover Financial Services from an outperform rating to a peer perform rating and set a price target of $97.00 for the stock. in a research note on Thursday, May 12. Citigroup announced on Friday, April 29. Deutsche Bank Aktiengesellschaft raised its price target on Discover Financial Services from $145.00 to $150.00 in a research note on Friday, April 29. Finally, on Thursday, March 31, StockNews.com began reporting Discover Financial Services in a research note. They gave the stock a “hold” rating.

NYSE DFS opened at $112.20 on Friday. Discover Financial Services has a 12-month low of $98.38 and a 12-month high of $135.69. The company has a debt to equity ratio of 1.38, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $31.52 billion, a P/E of 6.62, a P/E/G ratio of 0.24, and a beta of 1.45. The stock has a 50-day simple moving average of $110.83 and a 200-day simple moving average of $114.92.

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Discover Financial Services (NYSE:DFS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The financial services firm reported earnings per share of $4.22 for the quarter, beating the consensus estimate of $3.58 by $0.64. Discover Financial Services had a return on equity of 41.57% and a net margin of 38.42%. The company made $2.90 billion in revenue for the quarter, compared to analysts’ expectations of $2.99 ​​billion. In the same quarter last year, the company earned $5.04 per share. The company’s revenue increased 3.8% compared to the prior-year quarter. As a group, equity analysts are forecasting that Discover Financial Services will post 14.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Registered investors will receive a dividend of $0.60 per share on Thursday, May 26th. The ex-dividend date of this dividend is Wednesday May 25th. This is a positive change from Discover Financial Services’ previous quarterly dividend of $0.50. That equates to an annual dividend of $2.40 and a yield of 2.14%. Discover Financial Services’ dividend payout ratio is 14.16%.

A number of hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. American Century Companies Inc. increased its position in Discover Financial Services by 34.2% in the third quarter. American Century Companies Inc. now owns 32,697 shares of the financial services provider, valued at $4,017,000, after purchasing an additional 8,333 shares last quarter. First Republic Investment Management Inc. increased its position in Discover Financial Services by 19.2% in the third quarter. First Republic Investment Management Inc. now owns 29,292 shares of the financial services provider, valued at $3,599,000, after purchasing an additional 4,709 shares last quarter. Vident Investment Advisory LLC increased its stake in Discover Financial Services by 26.2% in the third quarter. Vident Investment Advisory LLC now owns 9,996 shares of the financial services provider valued at $1,227,000 after purchasing an additional 2,075 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Discover Financial Services by 6.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 28,474 shares of the financial services provider, valued at $3,499,000, after purchasing an additional 1,826 shares during the period. Finally, Credit Suisse AG increased its stake in Discover Financial Services shares by 18.9% during the third quarter. Credit Suisse AG now owns 561,111 shares of the financial services provider, valued at $68,932,000, after purchasing an additional 89,288 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s shares.

About Discover Financial Services (received rating)

Discover Financial Services, through its subsidiaries, provides digital banking products and services and payment services in the United States. It operates through two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover branded credit cards to individuals; personal student loans, personal loans, home loans and other consumer credit; and direct-to-consumer deposit products, which include savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and sweep accounts.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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