Discover Financial Services (DFS) Gets a Hold Rating from Oppenheimer

In a report released yesterday, Dominick Gabriele from Oppenheimer assigned a Hold rating to Discover Financial Services (DFSResearch Report). The company’s shares closed last Thursday at $123.96, close to its 52-week high of $127.65.

According to TipRanks.com, Gabriele is a 4-star analyst with an average return of 18.0% and a 67.5% success rate. Gabriele covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and SoFi Technologies.

Discover Financial Services has an analyst consensus of Moderate Buy, with a price target consensus of $132.58, representing a 6.1% upside. In a report issued on July 12, Deutsche Bank also maintained a Hold rating on the stock with a $130.00 price target.

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Based on Discover Financial Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.8 billion and net profit of $1.59 billion. In comparison, last year the company earned revenue of $2.89 billion and had a GAAP net loss of $61 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DFS in relation to earlier this year.

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Illinois-based Discover Financial Services is a direct banking and payment services company. It operates through the Direct Banking and Payment Services segments.