Barclays set a $95.00 target price on Discover Financial Services (NYSE:DFS) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Buckingham Research started coverage on shares of Discover Financial Services in a report on Monday, October 2nd. They issued a buy rating and a $74.00 price target for the company. ValuEngine raised shares of Discover Financial Services from a hold rating to a buy rating in a report on Tuesday, September 26th. Oppenheimer set a $71.00 price target on shares of Discover Financial Services and gave the stock a buy rating in a report on Tuesday, October 24th. Nomura cut their price target on shares of Discover Financial Services from $81.00 to $79.00 and set a buy rating for the company in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a buy rating and issued a $86.00 price target on shares of Discover Financial Services in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $80.76.

Discover Financial Services (NYSE:DFS) traded up $0.15 during trading hours on Friday, hitting $80.51. 2,078,400 shares of the stock traded hands, compared to its average volume of 2,141,022. 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 stock has a market cap of $29,260.00, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.00.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.06. Discover Financial Services had a net margin of 20.04% and a return on equity of 21.01%. equities research analysts forecast that Discover Financial Services will post 5.93 EPS for the current year.

In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.79, for a total transaction of $1,019,081.82. Following the sale, the chief operating officer now owns 769,440 shares of the company’s stock, valued at approximately $51,390,897.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the chief financial officer now directly owns 82,402 shares in the company, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 179,277 shares of company stock worth $12,673,925. 0.96% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Nadler Financial Group Inc. acquired a new position in shares of Discover Financial Services during the 4th quarter valued at about $393,000. LVM Capital Management Ltd. MI boosted its position in shares of Discover Financial Services by 6.4% during the 4th quarter. LVM Capital Management Ltd. MI now owns 94,437 shares of the financial services provider’s stock valued at $7,264,000 after acquiring an additional 5,710 shares during the last quarter. Arbor Investment Advisors LLC acquired a new position in shares of Discover Financial Services during the 4th quarter valued at about $203,000. DnB Asset Management AS boosted its position in shares of Discover Financial Services by 1.7% during the 4th quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 700 shares during the last quarter. Finally, Polianta Ltd acquired a new position in shares of Discover Financial Services during the 4th quarter valued at about $1,423,000. 84.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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