Discover Financial Services Gets a Hold Rating from BMO Capital

By Carrie Williams

In a report released yesterday, James Fotheringham from BMO Capital reiterated a Hold rating on Discover Financial Services (NYSE: DFS), with a price target of $70. The company’s shares closed yesterday at $58.70.

According to, Fotheringham is a 5-star analyst with an average return of 9.8% and a 68.3% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Apollo Investment Corp, and Credit Acceptance Corp.

Discover Financial Services has an analyst consensus of Strong Buy, with a price target consensus of $78.

Discover Financial Services’ market cap is currently $22.44B and has a P/E ratio of 10.04. The company has a book value ratio of 2.0966.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2016, Kathryn Mcnamara Corley, the EVP, GC & Sec of DFS sold 16,537 shares for a total of $936,328.

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Discover Financial Services is a direct banking and payment services company. It operates through its subsidiaries, Discover Bank and Discover Home Loans, Inc. The company runs its business through two segments: Direct Banking and Payment Services. The 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, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the company’s network partners business, which includes credit, debit and prepaid cards issued on the Discover Network by third parties. Discover Financial Services was founded in 1986 and is headquartered in Riverwoods, IL.