A statement released today by Wedbush about Discover Financial Services (NYSE:DFS) raises the target price to $63.00
- Updated: October 11, 2016
Discover Financial Services (NYSE:DFS) had its price target upped to $63.00 by Wedbush in an issued report released 10/10/2016. The new stock price target indicates a potential upside of 0.12% based on the company's most recent close.
On Wednesday September 07, 2016, Barclays Capital released a statement about Discover Financial Services (NYSE:DFS) raised the target price from $0.00 to $43.00. At the time, this indicated a possible downside of -0.27%.
Only yesterday Discover Financial Services (NYSE:DFS) traded 0.00% even at $56.46. Discover Financial Services’s 50-day average is $57.89 and its 200-day moving average is $55.71. With the last closing price up 1.34% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade Volume was down over the average, with 0 shares of DFS changing hands under the typical 2,597,240
Discover Financial Services has 52 week low of $42.86 and a 52 week high of $60.29 with a P/E ratio of 10.61 and has a market cap of $0.
A total of 24 brokers have issued a research note on the company. 10 firms rating the company a strong buy, fourteen equity analysts rating the company a buy, five brokerages rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $62.33.
Brief Synopsis 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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