Discover Financial Services (NYSE:DFS) : Currently there are 14 street experts covering Discover Financial Services (NYSE:DFS) stock. The most bullish and bearish price target for the stock is $75 and $56 respectively for the short term. The average price target of all the analysts comes to $63.79. The estimated standard deviation from the target is $5.37.
Discover Financial Services has lost 1.27% in the last five trading days and dropped 5.92% in the last 4 weeks. Discover Financial Services is up 4.8% in the last 3-month period. Year-to-Date the stock performance stands at 1.06%. Also, Major Brokerage house, Deutsche Bank maintains its ratings on Discover Financial Services (NYSE:DFS). In the latest research report, Deutsche Bank raises the target price from $61 per share to $63 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 4, 2016.
Discover Financial Services (NYSE:DFS) : 14 brokerage houses believe that Discover Financial Services (NYSE:DFS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Discover Financial Services (NYSE:DFS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 18 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.39.
Discover Financial Services (NYSE:DFS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.84 and $52.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.59, notching a gain of 2.06% for the day. The total traded volume was 3,732,795 . The stock had closed at $52.51 on the previous day.
In an insider trading activity,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.