x min read

Stock Update: Discover Financial Services (NYSE:DFS)

Stock Update: Discover Financial Services (NYSE:DFS)
Written by
Charles Donlon
Published on
October 20, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

[BusinessWire] Discover Financial Services (NYSE:DFS) is ringing in the holiday season with new cash back rewards. Discover it and Discover More card members can sign up to earn 5% Cashback Bonus on up to $1,500 in online shopping and department store purchases made between Oct. 1 and Dec. 31, 2014. “This holiday season, Discover is upping the ante with a popular Cashback Bonus category to help our cardmembers see savings, not dollar signs,” said Heather L. Roche, vice president of rewards at Discover.Stock PerformanceTaking a look at the company’s recent performance, Discover Financial Services (DFS) reported second quarter earnings for fiscal 2014 on July 22nd. The company reported actual earnings per share of $1.35 against the consensus Street estimate of $1.30. This represents year over year growth of 15%. Discover Financial Services posted revenue of $2.17 billion against estimates of $2.16 billion.Discover Financial Services (DFS) is currently valued at $28.89 billion and closed the last trading session at $62.45. The stock has a 50-day moving average of $63.63 and a 200-day moving average of $60.58.

Is this a Buying Opportunity?There are currently sixteen analysts that we track that cover the stock. Of those sixteen, one has a Buy rating, three have a hold rating and twelve have a Sell rating. On a consensus basis this yields a score of 2.88 and a Buy. The combined price objective of these covering analysts is $68.89, which represents a -6.27% difference to the last closing price.The most recent analyst activity consisted of Oppenheimer reiterating their Outperform stance on the company. Oppenheimer has a price target of $73 which represents an upside of 12.6% from the last closing price. On the date of the report, the stock closed at $63.48.Another research firm weighing in recently was Zacks who also reiterated their rating on the stock. On Sept 26thZacks reiterated their price target on the stock $67, or a 3.3% upside to the current price. On the day of the report, DFS shares closed at $64.97.Company ProfileDiscover Financial Services (DFS), a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover card-branded credit cards to individuals and small businesses on the Discover Network. This segment also provides other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, and prepaid cards; and other consumer lending and deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement account certificates of deposit. The Payment Services segment operates the Discover Network, a payment card transaction processing network for Discover-branded credit cards, as well as for credit, debit, and prepaid cards issued by third parties.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.