Truist Financial Lowers Discover Financial Services (NYSE:DFS) Price Target to $219.00

Discover Financial Services (NYSE:DFS) had its price objective decreased by equities researchers at Truist Financial from $262.00 to $219.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target suggests a potential upside of 32.81% from the stock’s current price.

DFS has been the topic of several other research reports. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Barclays raised their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $192.40.

Discover Financial Services Price Performance

DFS stock opened at $164.90 on Friday. The stock has a market capitalization of $41.49 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company’s 50-day moving average is $186.18 and its 200-day moving average is $168.86. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. Discover Financial Services has a 1 year low of $119.31 and a 1 year high of $205.76.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Equities research analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Discover Financial Services

Several large investors have recently modified their holdings of the stock. Hemington Wealth Management increased its stake in shares of Discover Financial Services by 11.0% during the 4th quarter. Hemington Wealth Management now owns 503 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 50 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Discover Financial Services by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 51 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 56 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Discover Financial Services by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 57 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Discover Financial Services by 4.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors 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.