Discover Financial Services (DFS) Receives ‘Analyst’ Rating

Discover Financial Services (DFS) has an average broker rating of 1.44, which is interpreted as a Strong Buy, as rated by 16 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Discover Financial Services (DFS) : 12 Wall Street analysts covering Discover Financial Services (DFS) believe that the average level the stock could reach for the short term is $66.33. The maximum price target given is $75 and the minimum target for short term is around $59, hence the standard deviation is calculated at $5.18.


Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on Discover Financial Services (NYSE:DFS). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Barclays maintains a current price target of $43 per share. The rating by the firm was issued on September 7, 2016.

Discover Financial Services (NYSE:DFS): After opening at $57.31, the stock dipped to an intraday low of $57.01 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.91 and the buying power remained strong till the end. The stock closed at $57.69 for the day, a gain of 0.42% for the day session. The total traded volume was 3,217,364. The stocks close on the previous trading day was $57.45.

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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