Barclays Capital (BCS) Analysts Raise Price Target on Discover Financial Services (DFS) to $30.00
Friday, June 24, 2021 1:10 PM

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Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of Discover Financial Services (NYSE: DFS) from $28.00 to $30.00 in a research note to investors on Friday. The analysts currently have an "overweight" rating on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Discover Financial Services to $28.00 in a research note to investors on Friday. Also, analysts at Citigroup (NYSE: C) raised their price target on shares of Discover Financial Services to $26.00 in a research note to investors on Friday. They now have a "hold" rating on the stock.

Shares of Discover Financial Services traded up 3.14% during mid-day trading on Monday, hitting $24.64. Discover Financial Services has a 52 week low of $12.11 and a 52 week high of $25.76. The stock's 50-day moving average is $23.7 and its 200-day moving average is $22.08. The company has a market cap of $13.441 billion and a price-to-earnings ratio of 10.52.

Discover Financial Services last announced its quarterly results on Thursday, June 23rd. The company reported $1.09 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.75 EPS by $0.34. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Discover Financial Services will post $0.70 EPS next quarter.

Discover Financial Services (DFS) is a credit card issuer in the United States and an electronic payment services company. The Company offers credit cards, personal and student loans, and deposit products. The Company is bank holding and financial holding company. It operates the Discover Network, its credit card payments network; the PULSE Network (PULSE), its automated teller machine, debit and electronic funds transfer network, and Diners Club International (Diners Club), its global payments network. The Company’s business segments include Direct Banking and Payment Services. Its Direct Banking segment includes credit cards issued to individuals and small businesses on the Discover Network, its other consumer lending products and its deposit products. The Company’s Payment Services segment includes PULSE, Diners Club and its third-party issuing business, which includes credit, debit and prepaid cards issued on the Discover Network by third parties.

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