Discover Financial Services with ticker code (DFS) have now 18 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 160 and 125 with the average target price sitting at 143.11. Now with the previous closing price of 129.4 this now indicates there is a potential upside of 10.6%. The 50 day MA is 116.93 and the 200 moving average now moves to 119.35. The market capitalisation for the company is $37,379m. Company Website: https://www.discover.com
The potential market cap would be $41,339m based on the market concensus.
Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, checking accounts, and sweep accounts. The Payment Services segment operates the PULSE network, an automated teller machine, debit, and electronic funds transfer network; Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services; and Discover Network that processes transactions for Discover-branded credit and debit cards, as well as offers payment transaction processing and settlement services. Discover has strategic network alliance agreement with Arab Financial Services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
