Discover Financial Services (NYSE:DFS) – Stock analysts at Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for shares of Discover Financial Services in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings of $1.52 per share for the quarter, up from their previous forecast of $1.46. Jefferies Group currently has a “Buy” rating and a $91.00 price target on the stock. Jefferies Group also issued estimates for Discover Financial Services’ Q2 2018 earnings at $1.81 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $2.02 EPS and FY2018 earnings at $7.63 EPS.
Other analysts have also recently issued research reports about the company. Nomura reduced their price target on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Buckingham Research started coverage on Discover Financial Services in a research report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price target for the company. ValuEngine upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Oppenheimer set a $71.00 price target on Discover Financial Services and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $86.00 price target on shares of Discover Financial Services in a research report on Wednesday, October 25th. Two 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’s stock. Discover Financial Services presently has an average rating of “Buy” and an average price target of $80.76.
Shares of Discover Financial Services (DFS) opened at $80.51 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $29,201.27, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $81.00.
In related news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total transaction of $307,240.00. Following the completion of the transaction, the executive vice president now directly owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO R. Mark Graf sold 16,503 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares of the company’s stock, valued at $5,493,741.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 179,277 shares of company stock valued at $12,673,925. 0.96% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Nadler Financial Group Inc. bought a new position in Discover Financial Services during the fourth quarter valued at approximately $393,000. LVM Capital Management Ltd. MI boosted its stake in Discover Financial Services by 6.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 94,437 shares of the financial services provider’s stock valued at $7,264,000 after buying an additional 5,710 shares during the last quarter. Arbor Investment Advisors LLC bought a new position in Discover Financial Services during the fourth quarter valued at approximately $203,000. DnB Asset Management AS boosted its stake in Discover Financial Services by 1.7% during the fourth quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock valued at $3,132,000 after buying an additional 700 shares during the last quarter. Finally, Polianta Ltd bought a new position in Discover Financial Services during the fourth quarter valued at approximately $1,423,000. 84.77% of the stock is owned by institutional investors.
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Discover Financial Services Company Profile
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.
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