Discover Financial Services (DFS)

[chmcnfunds]

Discover Financial Services Given a $49.00 Price Target at Susquehanna (DFS)

March 7th, 2013 - by Trevor Kearing

Research analysts at Susquehanna set a $49.00 target price on shares of Discover Financial Services (NYSE: DFS) stock in a report released on Thursday.

Discover Financial Services opened at 41.60 on Thursday. Discover Financial Services has a 1-year low of $30.16 and a 1-year high of $42.08. The stock’s 50-day moving average is currently $39.03. The company has a market cap of $20.696 billion and a price-to-earnings ratio of 9.26.

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 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 firms have also recently commented on DFS. Analysts at William Blair upgraded shares of Discover Financial Services from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Friday, March 1st.

Seventeen equities research analysts have rated the stock with a buy rating, and eight have assigned a hold rating to the company’s stock. The company presently has an average rating of “overweight” and a consensus 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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