Today BMO Capital Maintains a “Market Perform” Rating on Discover Financial (NYSE:DFS) and a $67 Target Price – BZ Weekly


October 29, 2017 – By Max Morgan

 Today BMO Capital Maintains a

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.12, from 0.79 in 2017Q1. It improved, as 55 investors sold Discover Financial Services shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported.

Alliancebernstein Lp holds 0.04% or 785,230 shares. Credit Suisse Ag holds 0.04% of its portfolio in Discover Financial Services (NYSE:DFS) for 613,837 shares. Huntington Fincl Bank holds 0.01% or 6,006 shares in its portfolio. Eastern Bank & Trust holds 0.03% of its portfolio in Discover Financial Services (NYSE:DFS) for 6,569 shares. Principal Fincl Inc has invested 0.22% in Discover Financial Services (NYSE:DFS). Bluemar Capital Mngmt Limited Liability Company has invested 0.44% in Discover Financial Services (NYSE:DFS). Liberty Inc holds 1,000 shares or 0.04% of its portfolio. Wealthtrust has 260 shares. Live Your Vision Limited Liability Company stated it has 0% of its portfolio in Discover Financial Services (NYSE:DFS). Litman Gregory Asset Mgmt Limited Liability Corporation holds 0.05% or 1,500 shares in its portfolio. 1St Global Advsr has invested 0.06% in Discover Financial Services (NYSE:DFS). Envestnet Asset Inc invested 0.02% of its portfolio in Discover Financial Services (NYSE:DFS). Canada Pension Plan Inv Board holds 0.08% of its portfolio in Discover Financial Services (NYSE:DFS) for 542,244 shares. Pictet Cie (Europe) owns 0.14% invested in Discover Financial Services (NYSE:DFS) for 15,540 shares. Northwest Counselors Limited stated it has 50 shares.

Discover Financial (NYSE:DFS) Rating Reaffirmed

In analysts note revealed to clients on Wednesday, 25 October, The “Market Perform” rating of Discover Financial (NYSE:DFS) shares was kept at BMO Capital, who now has a $67 target price per share on the stock. BMO Capital’s target price per share gives a possible upside of 0.33 % from the stock close price of the company.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.12, from 0.79 in 2017Q1. It improved, as 55 investors sold Discover Financial Services shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported.

Alliancebernstein Lp holds 0.04% or 785,230 shares. Credit Suisse Ag holds 0.04% of its portfolio in Discover Financial Services (NYSE:DFS) for 613,837 shares. Huntington Fincl Bank holds 0.01% or 6,006 shares in its portfolio. Eastern Bank & Trust holds 0.03% of its portfolio in Discover Financial Services (NYSE:DFS) for 6,569 shares. Principal Fincl Inc has invested 0.22% in Discover Financial Services (NYSE:DFS). Bluemar Capital Mngmt Limited Liability Company has invested 0.44% in Discover Financial Services (NYSE:DFS). Liberty Inc holds 1,000 shares or 0.04% of its portfolio. Wealthtrust has 260 shares. Live Your Vision Limited Liability Company stated it has 0% of its portfolio in Discover Financial Services (NYSE:DFS). Litman Gregory Asset Mgmt Limited Liability Corporation holds 0.05% or 1,500 shares in its portfolio. 1St Global Advsr has invested 0.06% in Discover Financial Services (NYSE:DFS). Envestnet Asset Inc invested 0.02% of its portfolio in Discover Financial Services (NYSE:DFS). Canada Pension Plan Inv Board holds 0.08% of its portfolio in Discover Financial Services (NYSE:DFS) for 542,244 shares. Pictet Cie (Europe) owns 0.14% invested in Discover Financial Services (NYSE:DFS) for 15,540 shares. Northwest Counselors Limited stated it has 50 shares.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 30 analysts covering Discover Financial Services (NYSE:DFS), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 63% are positive. Discover Financial Services has $86.0 highest and $43 lowest target. $69.16’s average target is 3.56% above currents $66.78 stock price. Discover Financial Services had 67 analyst reports since July 24, 2015 according to SRatingsIntel. The company was initiated on Wednesday, January 13 by DA Davidson. The rating was maintained by Jefferies on Friday, June 16 with “Buy”. The firm has “Overweight” rating given on Friday, September 8 by Morgan Stanley. On Thursday, September 1 the stock rating was maintained by Jefferies with “Buy”. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, October 19. On Tuesday, December 22 the stock rating was initiated by Evercore with “Hold”. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Jefferies on Thursday, July 27. Jefferies maintained Discover Financial Services (NYSE:DFS) on Monday, May 15 with “Buy” rating. The stock has “Top Pick” rating by RBC Capital Markets on Thursday, January 28. The company was maintained on Tuesday, April 11 by Wood.

The stock increased 0.15% or $0.1 on October 27, reaching $66.78. About 1.71M shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 29, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.

Discover Financial Services is a direct banking and payment services company. The company has market cap of $24.87 billion. The Firm is a bank holding company, as well as a financial holding company. It has a 11.48 P/E ratio. The Firm operates through two divisions: Direct Banking and Payment Services.

More notable recent Discover Financial Services (NYSE:DFS) news were published by: Seekingalpha.com which released: “Discover edges higher following bottom-line beat” on October 24, 2017, also Nasdaq.com with their article: “Discover Financial (DFS) Beats on Q3 Earnings & Revenues” published on October 25, 2017, Businesswire.com published: “Discover Financial Services Announces Third Quarter 2017 Earnings Release and …” on October 02, 2017. More interesting news about Discover Financial Services (NYSE:DFS) were released by: Nasdaq.com and their article: “CHICAGO TRUST Co NA Buys Discover Financial Services, Dominion Energy Inc …” published on October 16, 2017 as well as Seekingalpha.com‘s news article titled: “Discover Financial Services’ (DFS) David Nelms on Q3 2017 Results – Earnings …” with publication date: October 25, 2017.

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