Discover Financial Services Stock Rating Reaffirmed : FBR Capital Markets reaffirmed their outperform rating on shares of Discover Financial Services (NYSE: DFS) in a report issued on Tuesday, ARN reports. They currently have a $48.00 target price on the stock.
Shares of Discover Financial Services (NYSE: DFS) opened at 42.50 on Tuesday. Discover Financial Services has a 52 week low of $30.48 and a 52 week high of $45.38. The stock’s 50-day moving average is currently $42.71. The company has a market cap of $21.144 billion and a P/E ratio of 9.53.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a boost from Discover Financial Services’s previous quarterly dividend of $0.14.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a buy rating on shares of Discover Financial Services in a research note to investors on Monday. They now have a $49.00 price target on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of Discover Financial Services in a research note to investors on Monday. Finally, analysts at Barclays Capital raised their price target on shares of Discover Financial Services from $48.00 to $50.00 in a research note to investors on Monday, April 8th. They now have an overweight rating on the stock.
Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Discover Financial Services presently has a consensus rating of Buy and a consensus target price of $47.10. Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.