Oppenheimer Keeps a Hold Rating on Discover Financial Services (DFS)

In a report released yesterday, Dominick Gabriele from Oppenheimer maintained a Hold rating on Discover Financial Services (DFSResearch Report). The company’s shares closed last Thursday at $66.16.

According to TipRanks.com, Gabriele is a 3-star analyst with an average return of 1.7% and a 49.4% success rate. Gabriele covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and American Express.

Discover Financial Services has an analyst consensus of Moderate Buy, with a price target consensus of $68.46, a 4.7% upside from current levels. In a report issued on October 8, Wells Fargo also maintained a Hold rating on the stock.

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Based on Discover Financial Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.66 billion and GAAP net loss of $368 million. In comparison, last year the company earned revenue of $2.9 billion and had a net profit of $770 million.

Based on the recent corporate insider activity of 49 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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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. The Direct Banking segment offers Discover-branded credit cards issued to individuals and small businesses on the Discover Network; and consumer banking products and services, including private student loans, personal loans, home equity loans, 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. The company was founded in 1986 and is headquartered in Riverwoods, IL.