Discover Financial Services (DFS)

[chmcnfunds]

Discover Financial Services Stock Rating Reaffirmed by TheStreet (DFS)
Posted by James Brewer on Mar 1st, 2013 //

Discover Financial Services (NYSE: DFS)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday.

The analysts wrote, “Discover Financial Services (DFS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”

Discover Financial Services traded down 0.05% on Friday, hitting $38.511. Discover Financial Services has a 52-week low of $29.62 and a 52-week high of $42.08. The stock’s 50-day moving average is currently $39.01. The company has a market cap of $19.159 billion and a price-to-earnings ratio of 8.64.

Discover Financial Services last posted its quarterly earnings results on Thursday, December 20th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.04. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Discover Financial Services will post $4.38 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on DFS. Analysts at Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Wednesday. They now have a $50.00 price target on the stock. Separately, analysts at FBR Capital reiterated a “market perform” rating on shares of Discover Financial Services in a research note to investors on Tuesday, February 19th. They now have a $42.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note to investors on Monday, February 11th. They now have a $42.00 price target on the stock.

Seventeen analysts have rated the stock with a buy rating, and eight have given a hold rating to the company’s stock. Discover Financial Services presently has a consensus rating of “overweight” and an average target price of $46.05.

Discover Financial Services (Discover) is a direct banking and payment services company. The Company operates as a bank holding company and a financial holding company.
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http://www.jagsreport.com/2013/03/discover-financial-services-stock-rating-reaffirmed-by-thestreet-dfs/

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