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Zacks Investment Research downgraded Discover Financial Services (NYSE:DFS) to Hold in a report released today.

Yesterday Discover Financial Services (NYSE:DFS) traded -0.53% lower at $68.41. The company’s 50-day moving average is $59.32 and its 200-day moving average is $57.11. The last stock close price is up 19.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,129,209 shares of the stock were exchanged, down from an average trading volume of 2,861,890

Zacks Investment Research has downgraded Discover Financial Services (NYSE:DFS) to Hold in a report released on Monday November 28, 2016.

Previously on 11/25/2016, Zacks Investment Research reported about Discover Financial Services (NYSE:DFS) raised the target price from $0.00 to $76.00. At the time, this indicated a possible upside of 0.11%.

See Chart Below

Discover Financial Services (NYSE:DFS)

Discover Financial Services has a 52 week low of $42.86 and a 52 week high of $68.88 with a P/E ratio of 12.38 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 24 firms have reported on the stock. The consensus target price is $62.33 with 10 firms rating the stock a strong buy, 14 firms rating the stock a buy, 5 firms rating the stock a hold, 0 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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