Wednesday, March 06, 2013 10:01:47 AM
Posted by Scotty Dyson on Mar 6th, 2013 // No Comments
Discover Financial Services (NYSE: DFS) was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Discover Financial Services in a research note to investors on Tuesday. They now have a $47.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Friday, March 1st. Finally, analysts at Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Wednesday, February 27th. They now have a $50.00 price target on the stock.
Seventeen investment analysts have rated the stock with a buy rating, and eight have assigned a hold rating to the company’s stock. Discover Financial Services presently has a consensus rating of “overweight” and an average price target of $46.05.
Shares of Discover Financial Services opened at 40.58 on Wednesday. Discover Financial Services has a 52 week low of $30.06 and a 52 week high of $42.08. The stock’s 50-day moving average is currently $38.97. The company has a market cap of $20.189 billion and a P/E ratio of 9.10.
Discover Financial Services last issued its quarterly earnings data on Thursday, December 20th. The company reported $1.07 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.95 earnings per share. Discover Financial Services’s revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Discover Financial Services will post $4.38 earnings per share for the current fiscal year.
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-upgraded-to-outperform-at-william-blair-dfs/
DFS
Recent DFS News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:33:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 08:36:01 PM
- Discover® Global Network Study: 91% of Asia-Pacific Businesses Prioritize Fraud Prevention Services, Appeal for Virtual Card Numbers Grows • Business Wire • 08/26/2024 02:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 08:26:38 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 01:09:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 01:05:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 01:02:21 AM
- Discover Financial Services Recognized as a 2024 Best Place to Work for People with Disabilities • Business Wire • 07/25/2024 10:00:00 AM
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- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 07/18/2024 01:54:57 AM
- Discover Financial Services Reports Second Quarter 2024 Net Income of $1.5 Billion or $6.06 Per Diluted Share • Business Wire • 07/17/2024 08:24:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 07/17/2024 08:19:27 PM
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- Capital One Announces Five-Year, $265 Billion Community Benefits Plan in Connection with Discover Acquisition to Advance Economic Opportunity and Financial Well-Being • Business Wire • 07/17/2024 01:15:00 PM
- Carlyle and KKR Strategic Partnerships Agree to Acquire Approximately $10.1 Billion Prime Student Loan Portfolio from Discover Financial Services • Business Wire • 07/17/2024 12:59:00 PM
- Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio • Business Wire • 07/17/2024 12:13:00 PM
- Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop • IH Market News • 07/17/2024 10:30:52 AM
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- Discover Financial Services Announces Second Quarter 2024 Earnings Release on July 17, 2024, and Conference Call on July 18, 2024 • Business Wire • 06/27/2024 08:15:00 PM
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