Discover Financial Services Receives a Buy from Oppenheimer

Oppenheimer analyst Ben Chittenden assigned a Buy rating to Discover Financial Services (NYSE: DFS) yesterday and set a price target of $75. The company’s shares closed yesterday at $55.49.

According to, Chittenden is a 1-star analyst with an average return of -2.0% and a 48.7% success rate. Chittenden covers the Financial sector, focusing on stocks such as America First Tax Exempt L.P., Capital One Financial, and StoneCastle Financial.

Currently, the analyst consensus on Discover Financial Services is Moderate Buy and the average price target is $64.88, representing a 16.9% upside.

In a report issued on September 27, Deutsche Bank also maintained a Buy rating on the stock.

Discover Financial Services’ market cap is currently $22.56B and has a P/E ratio of 10.40. The company has a book value ratio of 2.0816.

Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2016, Kathryn Mcnamara Corley, a the EVP, GC & Sec of DFS sold 16,537 shares for a total of $936,328.

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 operates 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. This segment also includes the business operations of Diners Club Italy, which primarily consist of issuing Diners Club charge cards. Discover Financial Services was founded in 1986 and is headquartered in Riverwoods, IL.