In a report released yesterday, Sanjay Sakhrani from KBW assigned a Buy rating to Discover Financial Services (DFS – Research Report), with a price target of $145.00. The company’s shares closed yesterday at $124.40.
According to TipRanks, Sakhrani is a 5-star analyst with an average return of 12.8% and a 70.30% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Capital One Financial, Bread Financial Holdings, and American Express.
In addition to KBW, Discover Financial Services also received a Buy from TD Cowen’s Moshe Orenbuch in a report issued yesterday. However, on the same day, Wells Fargo maintained a Hold rating on Discover Financial Services (NYSE: DFS).
Based on Discover Financial Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.21 billion and a net profit of $308 million. In comparison, last year the company earned a revenue of $3.74 billion and had a net profit of $968 million
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Discover Financial Services (DFS) Company Description:
Illinois-based Discover Financial Services is a direct banking and payment services company. It operates through the Direct Banking and Payment Services segments.
Read More on DFS:
- Discover Financial Releases Credit Performance Update
- Judge blocks U.S. rules limiting credit card late fees, Washington Post reports
- Discover price target raised to $123 from $120 at Barclays
- Discover reports Q1 net interest margin 11.03% vs. 11.34% last year
- Discover reports Q1 EPS $1.10, consensus $2.95
