Discover Financial Services (NYSE:DFS) Rating Lowered to “Hold” at StockNews.com

Discover Financial Services (NYSE:DFS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently weighed in on DFS. JPMorgan Chase & Co. lowered their price target on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $137.00 to $186.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Truist Financial assumed coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services currently has an average rating of “Hold” and an average price target of $171.71.

Discover Financial Services Price Performance

Discover Financial Services stock opened at $200.89 on Friday. The company has a market cap of $50.49 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46. Discover Financial Services has a one year low of $99.79 and a one year high of $204.93. The business has a fifty day moving average of $177.76 and a two-hundred day moving average of $153.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.10.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 13.78% and a return on equity of 22.08%. As a group, analysts predict that Discover Financial Services will post 14.15 earnings per share for the current fiscal year.

Institutional Trading of Discover Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. increased its position in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 157 shares in the last quarter. Grove Bank & Trust increased its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the 3rd quarter valued at $30,000. Hantz Financial Services Inc. purchased a new position in Discover Financial Services in the fourth quarter valued at about $37,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Discover Financial Services during the fourth quarter worth about $47,000. Institutional investors and hedge funds 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.