Discover Financial Services (NYSE:DFS) : The consensus price target for Discover Financial Services (NYSE:DFS) is $63.79 for the short term with a standard deviation of $5.37. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $56.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Discover Financial Services (NYSE:DFS). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $63 per share from a prior target of $61. The rating by the firm was issued on May 4, 2016.
Discover Financial Services (NYSE:DFS): stock turned positive on Thursday. Though the stock opened at $54, the bulls momentum made the stock top out at $54.28 level for the day. The stock recorded a low of $53.82 and closed the trading day at $54.28, in the green by 1.90%. The total traded volume for the day was 2,892,095. The stock had closed at $53.27 in the previous days trading.
The company shares have dropped -9.77% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $59.88 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $55.23 and the 200 Day Moving Average price is recorded at $51.69. On the companys insider trading activities,The officer (President & COO) of Discover Financial Services, Hochschild Roger C sold 10,000 shares at $56.03 on June 1, 2016. The Insider selling transaction had a total value worth of $560,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. 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, including private student loans, personal loans, home loans, home equity loans, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.