Discover Financial Services (DFS): Price Target and June Short Interest Disclosure

Discover Financial Services (DFS) : 14 investment research analysts covering Discover Financial Services (DFS) have an average price target of $63.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $75 and the lowest target is $51 for the short term. Analysts expect the variance to be within $6.05 of the average price.

Discover Financial Services (DFS), A rise of 100,474 shares or 1.7% was seen in the short interest of Discover Financial Services. Even as the interest increased from 5,962,303 shares on June 15,2016 to 6,062,777 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 1.5% of the stocks floats. The stock has seen an average daily volume of 3,938,883 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Deutsche Bank maintains their rating on the shares of Discover Financial Services (NYSE:DFS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $63 per share from $61 per share. 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 $57.34, the bulls momentum made the stock top out at $57.53 level for the day. The stock recorded a low of $56.78 and closed the trading day at $57.44, in the green by 1.29%. The total traded volume for the day was 3,313,400. The stock had closed at $56.71 in the previous days trading.

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.

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