Wells Fargo & Company Increases Discover Financial Services (NYSE:DFS) Price Target to $185.00

Discover Financial Services (NYSE:DFS) had its price target hoisted by stock analysts at Wells Fargo & Company from $160.00 to $185.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.11% from the company’s previous close.

DFS has been the topic of several other research reports. Keefe, Bruyette & Woods boosted their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Evercore ISI lifted their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Discover Financial Services from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $151.36.

Discover Financial Services Price Performance

DFS stock opened at $176.00 on Friday. The company has a market cap of $44.22 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $172.33 and a two-hundred day moving average price of $148.32. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $188.26.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $2.59 EPS. As a group, research analysts predict that Discover Financial Services will post 13.43 EPS for the current year.

Institutional Investors Weigh In On Discover Financial Services

A number of hedge funds have recently made changes to their positions in the business. DiNuzzo Private Wealth Inc. raised its stake in shares of Discover Financial Services by 506.5% during 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. Y.D. More Investments Ltd raised its holdings in Discover Financial Services by 147.8% during the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the third quarter worth approximately $30,000. Larson Financial Group LLC lifted its position in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

About Discover Financial Services

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.