Discover Financial Services (NYSE:DFS) – Analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for Discover Financial Services in a report issued on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings of $5.94 per share for the year, up from their previous forecast of $5.88. Jefferies Group has a “Buy” rating and a $91.00 price target on the stock. Jefferies Group also issued estimates for Discover Financial Services’ Q1 2018 earnings at $1.85 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, January 2nd. Compass Point cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Barclays set a $73.00 price objective on shares of Discover Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets reduced their price objective on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Discover Financial Services in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.67.

Shares of Discover Financial Services (NYSE DFS) opened at $80.36 on Thursday. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $80.38. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $29,200.00, a P/E ratio of 13.83, a PEG ratio of 1.80 and a beta of 1.52.

In other news, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total transaction of $2,004,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R. Mark Graf sold 16,503 shares of Discover Financial Services stock in a transaction on Friday, October 27th. The stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares in the company, valued at $5,493,741.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 179,277 shares of company stock worth $12,673,925. Insiders own 0.96% of the company’s stock.

Several large investors have recently modified their holdings of the stock. LVM Capital Management Ltd. MI raised its holdings in shares of Discover Financial Services by 6.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 94,437 shares of the financial services provider’s stock worth $7,264,000 after acquiring an additional 5,710 shares during the period. Arbor Investment Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $203,000. DnB Asset Management AS raised its holdings in shares of Discover Financial Services by 1.7% during the fourth quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock worth $3,132,000 after acquiring an additional 700 shares during the period. Polianta Ltd acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $1,423,000. Finally, Aurora Investment Counsel acquired a new stake in shares of Discover Financial Services during the fourth quarter worth $2,761,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

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About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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