Discover Financial Services (DFS) is Initiated by JMP Securities to Mkt Outperform

Discover Financial Services (DFS) is Initiated by JMP Securities to Mkt Outperform , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Discover Financial Services (NYSE:DFS) ended Thursday session in red amid volatile trading. The shares closed down 1.03 points or 1.88% at $53.88 with 4,123,995 shares getting traded. Post opening the session at $55.11, the shares hit an intraday low of $53.75 and an intraday high of $55.19 and the price vacillated in this range throughout the day. The company has a market cap of $23,033 million and the number of outstanding shares has been calculated to be 427,483,800 shares. The 52-week high of Discover Financial Services (NYSE:DFS) is $66.725 and the 52-week low is $50.2.

During the last several months other analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Oppenheimer, maintains their rating on the shares of Discover Financial Services (NYSE:DFS). Oppenheimer has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $75 per share from a prior target of $73. The rating by the firm was issued on October 21, 2015.

Research firm Zacks has rated Discover Financial Services (NYSE:DFS) and has ranked it at 3, indicating that for the short term the shares are a hold. 15 Wall Street analysts have given the company an average rating of 1.2. The shares has received a hold rating based on the suggestion from 1 analysts in latest recommendations. Strong buy was given by 13 Wall Street Analysts. The company had a buy rating from 1 analysts.

Discover Financial Services (NYSE:DFS) stock has received a short term price target of $ 69.31 from 13 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.14. The higher estimate of target price is $75 , while the lower price target estimate is $60

Discover Financial Services has lost 0.72% in the last five trading days and dropped 3.7% in the last 4 weeks. Discover Financial Services is up 3.62% in the last 3-month period. Year-to-Date the stock performance stands at -16.14%.”

Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company. The Company offer credit cards, student loans, personal loans and deposit products through its Discover Bank subsidiary and home loans through its Discover Home Loans, Inc. subsidiary (Discover Home Loans). The Company operates the Discover Network, its credit card payments network; the PULSE network (PULSE), its automated teller machine (ATM), debit and electronic funds transfer network, and Diners Club International (Diners Club), its global payments network. The Company operates in two segments: Direct Banking and Payment Services. In June 2012, Tree.Com Inc sold the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial Services.