Discover Financial Services (NYSE:DFS) Price Target & New Coverage by Deutsche Bank

New York: Discover Financial Services (NYSE:DFS) coverage was was initiated with a Buy rating and $92.0 price target at Deutsche Bank. Deutsche Bank’s target price per share gives upside of 38.28 % from the company’s previous close.

According to data compiled by Thomson Reuters, Discover Financial Services (NYSE:DFS)’s stock is covered by 24 equity analysts across the Street, with 0 analysts giving it a Sell rating, 24 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $62.33, which reflects an downside potential of 4.69% over the current price.

Institutional Ownership

Alpenglow Capital Lp had the biggest stake with ownership of 120,100 shares as of q2 2015 for 5.38% of the US equity exposure. Bruni J V & Co Co is another notably bullish investment manager who is possessing 411,497 shares of Discover Financial Services or 4.49% of their US equity exposure. In addition, Corbyn Investment Management Inc Md have 4.42% of their US equity exposure invested in the company for 241,827 shares. The New York-based fund Md Sass Investors Services Inc disclosed it had acquired so far a stake worth about 4.42% of the investment manager’s stock portfolio in Discover Financial Services. The Texas-based fund Matterhorn Capital Management Llc is also positive about the stock, possessing 1.39M shares or 4.01% of their US equity exposure.

Discover Financial Services (NYSE:DFS) Profile

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 and Payment Services.

Discover Financial Services (NYSE:DFS) traded down -0.15% on 3 January, hitting $65.4. A total of 897,294 shares of the company’s stock traded hands. This is down from average of 2.31M shares. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $74.33. The company has a market cap of $23.77B and a P/E ratio of 11.25.

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The post Discover Financial Services (NYSE:DFS) Now Covered by Analysts at Deutsche Bank. The Price Objective is $92.0 appeared first on Octafinance.