A statement released earlier today by Wedbush about Discover Financial Services (NYSE:DFS) ups the target price to $63.00
- Updated: October 10, 2016
Discover Financial Services (NYSE:DFS) had its target price raised to $63.00 by Wedbush in a report released 10/11/2016. The updated stock price target implies a possible upside of 0.12% based on the company's previous closing price.
On 09/07/2016, Barclays Capital released a statement on Discover Financial Services (NYSE:DFS) bumped up the target price from $0.00 to $43.00 that suggested a downside of -0.27%.
Yesterday Discover Financial Services (NYSE:DFS) traded 0.00% even at $56.46. DFS’s 50-day average is $57.89 and its two hundred day average is $55.71. With the last stock price close up 1.34% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 0 shares of DFS changing hands under the typical 2,597,240
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With a total market value of $0, Discover Financial Services has PE ratio of 10.61 with a 52 week low of $42.86 and a 52 week high of $60.29 .
In addition to Wedbush reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is $62.33 with ten brokerages rating the company a strong buy, fourteen brokerages rating the company a buy, five brokerages rating the company a hold, zero firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Discover Financial Services (NYSE:DFS)
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 operates through two segments: Direct Banking, which 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 personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business. PULSE is an automated teller machine, debit and electronic funds transfer network. The Company's Network Partners business provides payment transaction processing and settlement services on the Discover Network. The Company provides direct banking products and services, and payment services through its subsidiaries.
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