Reaffirmed: Discover Financial Services (NYSE:DFS) “Hold” Rating Reiterated by Susquehanna; $85.0 Target in Place

April 20, 2018 - By Maria Brooks

Discover Financial Services (NYSE:DFS) Logo

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.10, from 0.77 in 2017Q3. It is positive, as 51 investors sold Discover Financial Services shares while 266 reduced holdings. 99 funds opened positions while 176 raised stakes. 296.68 million shares or 1.53% less from 301.28 million shares in 2017Q3 were reported.

Cornerstone Capital Mngmt Hldgs Limited Company stated it has 76,150 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 32,504 shares. Evercore Wealth Mgmt Ltd Limited Liability Company reported 1,490 shares. Stone Ridge Asset Mngmt Limited Liability Corporation owns 0.04% invested in Discover Financial Services (NYSE:DFS) for 7,222 shares. State Treasurer State Of Michigan stated it has 0.06% of its portfolio in Discover Financial Services (NYSE:DFS). Keybank Natl Association Oh owns 130,430 shares. First Interstate Financial Bank accumulated 2,303 shares or 0.04% of the stock. Advisor Prtn Lc, California-based fund reported 7,469 shares. Cleararc holds 9,275 shares or 0.1% of its portfolio. Gemmer Asset Mngmt Limited Liability Company owns 638 shares. Private Ocean Lc reported 150 shares. 42,711 were accumulated by Teachers Retirement Of The State Of Kentucky. Moreover, Putnam Fl Invest Management has 0.1% invested in Discover Financial Services (NYSE:DFS) for 13,497 shares. Maple Capital has 93,755 shares. Dsc Advisors Limited Partnership holds 1.7% or 38,000 shares.

Discover Financial Services (NYSE:DFS) Rating Reaffirmed

The company has just set a target price of $85.0 on Discover Financial Services (NYSE:DFS) shares. This is 15.93 % from the last price. In a report revealed on Thursday, 28 December, Susquehanna maintained their “Hold” rating on shares of DFS.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.10, from 0.77 in 2017Q3. It is positive, as 51 investors sold Discover Financial Services shares while 266 reduced holdings. 99 funds opened positions while 176 raised stakes. 296.68 million shares or 1.53% less from 301.28 million shares in 2017Q3 were reported.

Cornerstone Capital Mngmt Hldgs Limited Company stated it has 76,150 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 32,504 shares. Evercore Wealth Mgmt Ltd Limited Liability Company reported 1,490 shares. Stone Ridge Asset Mngmt Limited Liability Corporation owns 0.04% invested in Discover Financial Services (NYSE:DFS) for 7,222 shares. State Treasurer State Of Michigan stated it has 0.06% of its portfolio in Discover Financial Services (NYSE:DFS). Keybank Natl Association Oh owns 130,430 shares. First Interstate Financial Bank accumulated 2,303 shares or 0.04% of the stock. Advisor Prtn Lc, California-based fund reported 7,469 shares. Cleararc holds 9,275 shares or 0.1% of its portfolio. Gemmer Asset Mngmt Limited Liability Company owns 638 shares. Private Ocean Lc reported 150 shares. 42,711 were accumulated by Teachers Retirement Of The State Of Kentucky. Moreover, Putnam Fl Invest Management has 0.1% invested in Discover Financial Services (NYSE:DFS) for 13,497 shares. Maple Capital has 93,755 shares. Dsc Advisors Limited Partnership holds 1.7% or 38,000 shares.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 24 analysts covering Discover Financial Services (NYSE:DFS), 14 have Buy rating, 1 Sell and 9 Hold. Therefore 58% are positive. Discover Financial Services has $107.0 highest and $67 lowest target. $84.85’s average target is 15.73% above currents $73.32 stock price. Discover Financial Services had 37 analyst reports since October 25, 2017 according to SRatingsIntel. Barclays Capital upgraded the stock to “Overweight” rating in Monday, December 11 report. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Monday, January 8 by RBC Capital Markets. The stock of Discover Financial Services (NYSE:DFS) earned “Hold” rating by Susquehanna on Thursday, April 12. Oppenheimer maintained the shares of DFS in report on Thursday, April 12 with “Buy” rating. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Susquehanna maintained Discover Financial Services (NYSE:DFS) on Thursday, December 28 with “Hold” rating. The company was maintained on Thursday, January 25 by Credit Suisse. The rating was maintained by Jefferies on Wednesday, January 10 with “Buy”. The firm has “Overweight” rating given on Friday, February 2 by Morgan Stanley. Sandler O’Neill maintained Discover Financial Services (NYSE:DFS) rating on Tuesday, January 16. Sandler O’Neill has “Buy” rating and $91.0 target.

The stock increased 0.04% or $0.03 during the last trading session, reaching $73.32. About 2.44M shares traded or 10.81% up from the average. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 20, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on April, 26 after the close. They expect $1.82 earnings per share, up 27.27 % or $0.39 from last year’s $1.43 per share. DFS’s profit will be $643.45M for 10.07 P/E if the $1.82 EPS becomes a reality. After $1.55 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 17.42 % EPS growth.

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States. The company has market cap of $25.92 billion. It operates in two divisions, Direct Banking and Payment Services. It has a 13.53 P/E ratio. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer services and products, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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