Barclays Keeps a Buy Rating on Discover Financial Services

By Jason Carr

In a report released yesterday, Mark Devries from Barclays maintained a Buy rating on Discover Financial Services (NYSE: DFS), with a price target of $95. The company’s shares opened today at $80.86, close to its 52-week high of $81.

According to, Devries is a 3-star analyst with an average return of 2.1% and a 63.1% success rate. Devries covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, Oaktree Specialty Lending Corporation, and ARMOUR Residential REIT Inc.

Currently, the analyst consensus on Discover Financial Services is Moderate Buy and the average price target is $86.71, representing a 7.2% upside.

In a report issued on January 2, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $92 price target.

The company has a one-year high of $81 and a one-year low of $57.50. Currently, Discover Financial Services has an average volume of 2.27M.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.