Analyst Price Target Update on Discover Financial Services (NYSE:DFS)

Discover Financial Services (NYSE:DFS): According to 14 Analysts, The short term target price has been estimated at $ 63.79.The target price could deviate by a maximum of $5.37 from the forecast price. In the near term, the target price could hit a high of $75 and a low of $ 56.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Discover Financial Services (NYSE:DFS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $61 per share to $63 per share. The rating by the firm was issued on May 4, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hochschild Roger C, officer (President & COO) of Discover Financial Services, had unloaded 10,000 shares at an average price of $56.03 in a transaction dated on June 1, 2016. The total value of the transaction was worth $560,300.

Discover Financial Services (NYSE:DFS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.78 points or 1.39% at $55.52 with 1,941,319 shares getting traded. Post opening the session at $56.03, the shares hit an intraday low of $55.51 and an intraday high of $56.63 and the price was in this range throughout the day. The company has a market cap of $22,887 million and the number of outstanding shares have been calculated to be 412,225,310 shares. The 52-week high of Discover Financial Services (NYSE:DFS) is $59.88 and the 52-week low is $42.86.

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 provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.

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