Finance

New Analyst Ratings On Discover Financial Services (NYSE:DFS)

New Analyst Ratings On Discover Financial Services (NYSE:DFS)

The median target of analyst views collected by Yahoo Finance was as much as $20.16 below DFS's recent stock price.

Several equities research analysts have recently commented on the company. Dnb Asset Mgmt As stated it has 0% in Discover Financial Services (NYSE:DFS). Bank of America upgraded the stock to "Buy" rating in Thursday, December 15 report. On the other side, analysts now consider Discover Financial Services a buy, and a technical analysis of the stock is setting somewhat neutral outlook for now. RBC Capital Markets maintained Discover Financial Services (NYSE:DFS) on Thursday, January 28 with "Top Pick" rating. Discover Financial Services had 45 analyst reports since July 24, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to "Neutral" rating in Thursday, January 14 report. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company's stock. DA Davidson has "Buy" rating and $63 target.

Discover Financial Services (NYSE:DFS), after opening at $59.11, closed at $58.84 by scoring -2.21%.

The stock has Return on Assets (ROA) of 2.6 percent. The company has market cap of $23.08 billion. Cable Hill Partners LLC now owns 1,926 shares of the financial services provider's stock valued at $109,000 after buying an additional 1,018 shares during the last quarter. After $1.43 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 4.90 % EPS growth. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. The company generated a return on equity (ROE) of 21.60%. The company has market cap of $22.36 billion.

While considering growth estimates of the company, it has next quarter growth estimates of 1.3% whereas during current quarter it has 0.7% estimations over growth, comparing to the estimations of 4.3% during current year and 11% for next year. Equities analysts anticipate that Discover Financial Services will post $6.02 earnings per share for the current year.

Ford to slash 10 percent of workforce
The job cuts are expected to be voluntary through the use of early retirement and separation packages, a Ford spokesman said. Ford announced the $3 billion cost cutting goal at the same time it reported sharply lower first quarter earnings.

ILLEGAL ACTIVITY WARNING: "Discover Financial Services (DFS) Position Raised by Pictet Asset Management Ltd." was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. The stock of Invesco Ltd. (NYSE:IVZ) has "Buy" rating given on Wednesday, October 21 by Argus Research.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. However the six-month change in the insider ownership was recorded -10.12%, as well as three-month change in the institutional ownership was recorded -0.94%. The ex-dividend date is Tuesday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. Acrospire Investment Management LLC boosted its stake in Discover Financial Services by 18.8% in the third quarter. The stock was sold at an average price of $64.50, for a total value of $1,908,168.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

In related news, CEO David W. Nelms sold 30,000 shares of the company's stock in a transaction on Monday, May 1st. About 9.32M shares traded or 74.21% up from the average. The disclosure for this sale can be found here. The shares were sold at an average price of $67.93, for a total transaction of $1,018,950.00.

Strs Ohio decreased Discover Financial (DFS) stake by 14.38% reported in 2016Q4 SEC filing. Capital Fund Management S.A. now owns 171,453 shares of the financial services provider's stock valued at $9,696,000 after buying an additional 54,100 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Discover Financial Services by 3.7% in the fourth quarter. Synovus Financial Corp now owns 5,404 shares of the financial services provider's stock valued at $307,000 after buying an additional 4,007 shares during the period. Blackrock Inc owns 34,597 shares for 0% of their portfolio. State Treasurer State Of Michigan reported 0.07% in Discover Financial Services (NYSE:DFS). Following the completion of the sale, the director now owns 46,698 shares of the company's stock, valued at approximately $3,297,345.78. Moreover, Md Sass Investors Services Inc has 3.89% invested in the company for 958,461 shares. The company has a 1-week performance of -1.59%.

Discover Financial Services (DFS) is a direct banking and payment services company. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. The Company's Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services.