Jefferies Group LLC Reaffirms "Buy" Rating for Discover Financial Services (DFS)

$65.62's average target is 10.70% above currents $59.28 stock price.

A number of analysts have commented on the company. Teacher Retirement System Of Texas has invested 0.03% in Discover Financial Services (NYSE:DFS). The rating was upgraded by Deutsche Bank on Thursday, January 7 to "Buy". Bowling Management Lc has invested 1.07% of its portfolio in Discover Financial Services (NYSE:DFS). At Natl Bank has invested 0.1% of its portfolio in Discover Financial Services (NYSE:DFS).

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on July, 18. The firm has "Neutral" rating given on Wednesday, April 20 by JP Morgan. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. Going from the most negative analyst price target to above consensus is one thing. Nippon Life Insur Com has 0.03% invested in Discover Financial Services (NYSE:DFS) for 18,785 shares. Its book value per share for the most recent quarter is $27.73 while its price to book ratio for the same period is 2.17, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. They expect $1.50 earnings per share, up 2.04 % or $0.03 from last year's $1.47 per share. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 10.25 and a beta of 1.42. The company's 50-day moving average is $63.84 and its 200-day moving average is $67.65.

On 1/19/2017 Discover Financial Services announced a quarterly dividend of $0.30 1.71% with an ex dividend date of 2/7/2017 which will be payable on 2/23/2017. The financial services provider reported $1.43 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.42 by $0.01. Discover Financial Services had a net margin of 22.54% and a return on equity of 21.66%. The stock's quarterly performance specifies a shift of -14.65%, and its last twelve month performance is stands at 12.76% while moved -5.94% for the past six months.

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. On average, equities research analysts predict that Discover Financial Services will post $6.02 EPS for the current fiscal year.

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COPYRIGHT VIOLATION WARNING: This news story was posted by Transcript Daily and is the sole property of of Transcript Daily. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, October 21. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 2.02%. Discover Financial Services's dividend payout ratio is now 20.76%. They now have a Dollars 62 price target on the stock. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In that case, its shares would mark a 1.54% decline from the most recent price. The disclosure for this sale can be found here.

On 5/1/2017 Roger C. Hochschild, COO, sold 15,258 with an average share price of $62.28 per share and the total transaction amounting to $950,268.24. $680,000 worth of stock was sold by Minetti Carlos on Thursday, December 1.

DFS has been the topic of several research reports. CA increased its stake in Discover Financial Services by 19.5% in the first quarter. It also increased its holding in Barrick Gold Corp (NYSE:ABX) by 984,115 shares in the quarter, for a total of 998,194 shares, and has risen its stake in Discover Finl Svcs. Girard has invested 0.06% of its portfolio in Discover Financial Services (NYSE:DFS). Fragasso Group Inc. increased its stake in Discover Financial Services by 10.7% in the third quarter. Corbyn Investment Management Inc Md owns 241,827 shares or 5.19% of their U.S. portfolio. Old Mutual Invsts (Uk) has invested 2.41% in Discover Financial Services (NYSE:DFS). Dorsey Wright & Associates bought a new stake in Discover Financial Services during the first quarter valued at approximately $1,548,000. Orrstown Financial Services Inc. boosted its position in shares of Discover Financial Services by 64.2% in the first quarter. Company insiders own 1.07% of the company's stock.

Discover Financial Services is a direct banking and payment services company. Watching a firm's EV may be useful when comparing companies with different capital structures.

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