Wells Fargo Has Just Reaffirmed $69.00 Target Price Per Share on Discover Financial Services (NYSE:DFS) stock, While They’ve Also Reiterated Their Market Perform Rating

October 12, 2017 - By Darrin Black

 Wells Fargo Has Just Reaffirmed $69.00 Target Price Per Share on Discover Financial Services (NYSE:DFS) stock, While They’ve Also Reiterated Their Market Perform Rating

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.12, from 0.79 in 2017Q1. It is positive, as 55 investors sold Discover Financial Services shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported.

1.89M were accumulated by Legal And General Gru Public Ltd Company. Camarda Fin Advsr Ltd Llc reported 322 shares. Axa owns 180,200 shares for 0.05% of their portfolio. Motco reported 312 shares stake. First Quadrant L P Ca has invested 0.2% in Discover Financial Services (NYSE:DFS). Lingohr And Partner Asset Mgmt Gmbh invested 0.48% in Discover Financial Services (NYSE:DFS). Fiera Capital stated it has 9,236 shares or 0% of all its holdings. New York State Teachers Retirement System holds 0.11% or 680,974 shares. Valley Advisers Incorporated has invested 0.01% of its portfolio in Discover Financial Services (NYSE:DFS). Tokio Marine Asset Company Ltd, Japan-based fund reported 4,787 shares. Salzhauer Michael has 0.19% invested in Discover Financial Services (NYSE:DFS) for 6,493 shares. Evercore Wealth Limited Liability accumulated 1,540 shares. Alley Co Ltd Liability has invested 0.91% of its portfolio in Discover Financial Services (NYSE:DFS). Glob X Management Ltd Llc holds 0.01% or 5,123 shares. Lvm Capital Limited Mi accumulated 87,752 shares or 1.39% of the stock.

Discover Financial Services (NYSE:DFS) Rating Reaffirmed

In a note issued to clients and investors on Wednesday morning, The Market Perform rating of Discover Financial Services (NYSE:DFS) shares was maintained by Analysts at Wells Fargo, who now has a $69.00 TP on the stock. Wells Fargo’s TP would suggest a possible upside of 6.47 % from the current stock price of the company.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.12, from 0.79 in 2017Q1. It is positive, as 55 investors sold Discover Financial Services shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported.

1.89M were accumulated by Legal And General Gru Public Ltd Company. Camarda Fin Advsr Ltd Llc reported 322 shares. Axa owns 180,200 shares for 0.05% of their portfolio. Motco reported 312 shares stake. First Quadrant L P Ca has invested 0.2% in Discover Financial Services (NYSE:DFS). Lingohr And Partner Asset Mgmt Gmbh invested 0.48% in Discover Financial Services (NYSE:DFS). Fiera Capital stated it has 9,236 shares or 0% of all its holdings. New York State Teachers Retirement System holds 0.11% or 680,974 shares. Valley Advisers Incorporated has invested 0.01% of its portfolio in Discover Financial Services (NYSE:DFS). Tokio Marine Asset Company Ltd, Japan-based fund reported 4,787 shares. Salzhauer Michael has 0.19% invested in Discover Financial Services (NYSE:DFS) for 6,493 shares. Evercore Wealth Limited Liability accumulated 1,540 shares. Alley Co Ltd Liability has invested 0.91% of its portfolio in Discover Financial Services (NYSE:DFS). Glob X Management Ltd Llc holds 0.01% or 5,123 shares. Lvm Capital Limited Mi accumulated 87,752 shares or 1.39% of the stock.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 28 analysts covering Discover Financial Services (NYSE:DFS), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services has $84 highest and $43 lowest target. $68.28’s average target is 6.07% above currents $64.37 stock price. Discover Financial Services had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, June 1 by BMO Capital Markets. Bernstein upgraded Discover Financial Services (NYSE:DFS) on Monday, October 5 to “Outperform” rating. On Thursday, January 28 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, August 1. Jefferies maintained Discover Financial Services (NYSE:DFS) on Thursday, September 1 with “Buy” rating. BMO Capital Markets maintained the shares of DFS in report on Wednesday, April 12 with “Hold” rating. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Friday, October 6 by BMO Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, July 27. The firm has “Hold” rating given on Tuesday, October 10 by Wells Fargo. JP Morgan maintained Discover Financial Services (NYSE:DFS) on Wednesday, April 20 with “Neutral” rating.

About 1.12M shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 12, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on October, 24. They expect $1.53 earnings per share, down 1.92 % or $0.03 from last year’s $1.56 per share. DFS’s profit will be $567.27M for 10.51 P/E if the $1.53 EPS becomes a reality. After $1.40 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 9.29 % EPS growth.

Discover Financial Services is a direct banking and payment services company. The company has market cap of $23.87 billion. The Firm is a bank holding company, as well as a financial holding company. It has a 11.13 P/E ratio. The Firm operates through two divisions: Direct Banking and Payment Services.

More important recent Discover Financial Services (NYSE:DFS) news were published by: Nasdaq.com which released: “November 10th Options Now Available For Discover Financial Services (DFS)” on September 28, 2017, also Seekingalpha.com published article titled: “Discover Financial Services (DFS) Presents at Barclays Financial Services …”, Seekingalpha.com published: “2 Banks To Buy In October” on October 10, 2017. More interesting news about Discover Financial Services (NYSE:DFS) was released by: Businesswire.com and their article: “Discover Financial Services Announces Third Quarter 2017 Earnings Release and …” with publication date: October 02, 2017.

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