StockNews.com Downgrades Discover Financial Services (NYSE:DFS) to Hold

Discover Financial Services (NYSE:DFS) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

Several other analysts also recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, January 24th. Royal Bank of Canada boosted their price objective on Discover Financial Services from $193.00 to $210.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Discover Financial Services from $169.00 to $129.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Truist Financial cut their price objective on Discover Financial Services from $262.00 to $219.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, UBS Group upgraded Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Discover Financial Services has an average rating of "Hold" and an average price target of $188.40.

Discover Financial Services Stock Performance

Discover Financial Services stock traded up $3.60 during trading on Tuesday, reaching $159.91. The company had a trading volume of 1,106,264 shares, compared to its average volume of 1,574,445. The firm's 50-day simple moving average is $171.42 and its 200 day simple moving average is $172.34. Discover Financial Services has a 52 week low of $119.95 and a 52 week high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Sell-side analysts forecast that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Hemington Wealth Management grew its holdings in shares of Discover Financial Services by 11.0% in the fourth quarter. Hemington Wealth Management now owns 503 shares of the financial services provider's stock worth $87,000 after purchasing an additional 50 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Discover Financial Services by 1.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the financial services provider's stock worth $892,000 after acquiring an additional 51 shares in the last quarter. UMB Bank n.a. increased its holdings in Discover Financial Services by 0.6% during the 4th quarter. UMB Bank n.a. now owns 9,248 shares of the financial services provider's stock worth $1,602,000 after purchasing an additional 56 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Discover Financial Services by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,158 shares of the financial services provider's stock valued at $1,067,000 after acquiring an additional 57 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Discover Financial Services by 4.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,411 shares of the financial services provider's stock worth $244,000 after purchasing an additional 57 shares during the period. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.