Oppenheimer set a $79.00 price target on Discover Financial Services (NYSE:DFS) in a report issued on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the financial services provider’s stock. Oppenheimer also issued estimates for Discover Financial Services’ Q4 2019 earnings at $2.20 EPS, FY2019 earnings at $8.53 EPS and FY2020 earnings at $9.28 EPS.

Several other research firms have also issued reports on DFS. Morgan Stanley raised their price objective on Discover Financial Services from $89.00 to $91.00 and gave the company an overweight rating in a research note on Wednesday, March 6th. Compass Point set a $74.00 price objective on Discover Financial Services and gave the company a hold rating in a research note on Friday, January 25th. Zacks Investment Research lowered Discover Financial Services from a hold rating to a sell rating in a research note on Friday, January 25th. Bank of America set a $80.00 price objective on Discover Financial Services and gave the company a buy rating in a research note on Friday, January 25th. Finally, Stephens reaffirmed a hold rating and issued a $80.00 price objective on shares of Discover Financial Services in a research note on Sunday, January 6th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $81.07.

Shares of Discover Financial Services stock opened at $77.24 on Wednesday. Discover Financial Services has a 12 month low of $54.36 and a 12 month high of $80.36. The company has a market cap of $25.24 billion, a P/E ratio of 9.92, a PEG ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.44 and a quick ratio of 1.44.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.06). Discover Financial Services had a net margin of 21.25% and a return on equity of 26.22%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $1.51 earnings per share. Discover Financial Services’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Discover Financial Services will post 8.64 earnings per share for the current year.

In related news, EVP Carlos Minetti sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $67.59, for a total transaction of $506,925.00. Following the completion of the sale, the executive vice president now directly owns 131,598 shares of the company’s stock, valued at approximately $8,894,708.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Roger C. Hochschild purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were acquired at an average cost of $66.67 per share, with a total value of $2,000,100.00. Following the completion of the purchase, the chief executive officer now directly owns 834,457 shares in the company, valued at approximately $55,633,248.19. The disclosure for this purchase can be found here. Insiders have sold a total of 117,062 shares of company stock valued at $8,124,691 over the last three months. 0.81% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of DFS. Cobiz Wealth LLC increased its holdings in Discover Financial Services by 0.4% during the 1st quarter. Cobiz Wealth LLC now owns 45,524 shares of the financial services provider’s stock worth $3,408,000 after purchasing an additional 190 shares during the period. Buckley Wealth Management LLC increased its holdings in Discover Financial Services by 5.7% during the 4th quarter. Buckley Wealth Management LLC now owns 4,978 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 270 shares during the period. Stanley Laman Group Ltd. increased its holdings in Discover Financial Services by 2.7% during the 4th quarter. Stanley Laman Group Ltd. now owns 10,447 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 271 shares during the period. Markston International LLC increased its holdings in Discover Financial Services by 0.6% during the 4th quarter. Markston International LLC now owns 52,239 shares of the financial services provider’s stock worth $3,081,000 after purchasing an additional 300 shares during the period. Finally, Hanson McClain Inc. increased its holdings in Discover Financial Services by 78.5% during the 4th quarter. Hanson McClain Inc. now owns 682 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 300 shares during the period. 87.29% of the stock is owned by hedge funds and other institutional investors.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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