Economy

Discover Financial Services (DFS) Now Covered by Wells Fargo & Company

Therefore 70% are positive. The stock's 50 day moving average is $61.11 and its 200-day moving average is $61.74. The stock presently has a consensus rating of "Hold" and an average target price of $73.58. Finally, Bank of Montreal Can boosted its position in Discover Financial Services by 10.6% in the first quarter.

01/25/2017 - Discover Financial Services had its "buy" rating reiterated by analysts at Sandler O'Neill. V Wealth Management LLC acquired a new stake in shares of Discover Financial Services in the 2nd quarter valued at about $101,000. The other 18 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. As per Monday, May 15, the company rating was maintained by Wood.

Among 9 analysts covering Flexion Therapeutics (NASDAQ:FLXN), 9 have Buy rating, 0 Sell and 0 Hold. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, October 21. The firm has "Overweight" rating given on Friday, September 8 by Morgan Stanley. The firm has "Mkt Perform" rating given on Thursday, October 22 by FBR Capital. William Blair reissued an "outperform" rating on shares of Discover Financial Services in a research note on Tuesday, July 18th. The firm earned "Buy" rating on Friday, September 15 by Needham. The stock of Flexion Therapeutics Inc (NASDAQ:FLXN) earned "Outperform" rating by Wells Fargo on Tuesday, May 3. On Wednesday, November 4 the stock rating was initiated by Cantor Fitzgerald with "Buy". The stock of Discover Financial Services (NYSE:DFS) has "Hold" rating given on Thursday, June 1 by BMO Capital Markets. Company insiders own 0.96% of the company's stock.

Just yesterday Discover Financial Services (NYSE:DFS) traded -0.77% lower at $64.78. It has underperformed by 16.48% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on October, 24.

About 1.12 million shares traded. WCG's profit would be $86.31 million giving it 21.61 P/E if the $1.94 EPS is correct. Pennsylvania Trust holds 0.02% of its portfolio in Discover Financial Services (NYSE:DFS) for 5,475 shares.

Discover Financial Services most recently reported earnings per share (EPS) of $1.4 for the June 2017 versus $1.47 in the same quarter past year, representing -5% growth. The company has market cap of $7.46 billion. The Company is a bank holding company, as well as a financial holding company. Also, it has an estimated price-earnings (P/E) multiple of 9.82 and a trailing 12-month price-earnings (P/E) multiple of 11.21. The Firm operates through two divisions: Direct Banking and Payment Services. Its up 0.12, from 0.79 in 2017Q1. Finally, BidaskClub downgraded shares of Discover Financial Services from a "hold" rating to a "sell" rating in a research note on Tuesday, August 1st.

Hedge funds have recently made changes to their positions in the business. Moreover, Creative Planning has 0.01% invested in Discover Financial Services (NYSE:DFS). Principal Financial Group Inc. increased its position in shares of Discover Financial Services by 492.6% during the 2nd quarter. The company's stock had a trading volume of 1,698,207 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 128,531 shares. Guggenheim Capital Ltd reported 734,763 shares. Envestnet Asset Mgmt invested in 0% or 4,953 shares. BMO Capital Markets maintained Discover Financial Services (NYSE:DFS) rating on Thursday, June 1.

Discover Financial Services announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $2.23 billion in outstanding shares. Bank of America downgraded Discover Financial Services (NYSE:DFS) on Thursday, February 11 to "Neutral" rating. (NASDAQ:CA). Koch Industry invested in 0.1% or 361,439 shares.

Investors sentiment increased to 1.74 in Q2 2017. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.45 by ($0.05). Corbyn Investment Management Inc Md owns 241,439 shares or 4.7% of their USA portfolio. Tpg Group (Sbs) Advsr stated it has 936,507 shares or 0.26% of all its holdings. 2,109 are owned by Clarivest Asset Mngmt Ltd Liability Com. Ardsley Advisory owns 165,000 shares or 0.6% of their U.S. portfolio. Millennium Management Limited Liability Company has invested 0.01% in CACI International Inc (NYSE:CACI). Century reported 0% in Flexion Therapeutics Inc (NASDAQ:FLXN). The Md Sass Investors Services Inc holds 1.11M shares with $69.06 million value, up from 893,636 last quarter. It also reduced Lennar Corp (NYSE:LEN) stake by 183,000 shares and now owns 986,485 shares. Cibc World Markets Incorporated stated it has 41,682 shares or 0.01% of all its holdings. Diligent Invsts Ltd reported 13,345 shares. New York State Common Retirement Fund, a New York-based fund reported 37,893 shares. South Dakota Inv Council accumulated 1,300 shares. Citigroup has invested 0% of its portfolio in Flexion Therapeutics Inc (NASDAQ:FLXN).



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