Discover Financial Services (DFS)

[chmcnfunds]

Discover Financial Services Upgraded to Outperform at William Blair (DFS)

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/

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