Oppenheimer Reiterates a Buy Rating on Discover Financial Services

By Ryan Adsit

In a report released yesterday, Ben Chittenden from Oppenheimer reiterated a Buy rating on Discover Financial Services (NYSE: DFS), with a price target of $82. The company’s shares closed yesterday at $71.61.

According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.1% and a 53.7% success rate. Chittenden covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Santander Consumer USA, and Capital One Financial.

Currently, the analyst consensus on Discover Financial Services is Moderate Buy and the average price target is $84.75, representing a 18.3% upside.

In a report issued on March 29, Barclays also maintained a Buy rating on the stock with a $92 price target.

Discover Financial Services’ market cap is currently $25.63B and has a P/E ratio of 13.24. The company has a book value ratio of 2.4814.

Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock.

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Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. It operates through the Direct Banking and Payment Services segments.