RBC Capital analyst Jon Arfstrom maintained a Buy rating on Discover Financial Services (NYSE:DFS) on Thursday, setting a price target of $61, which is approximately 20.03% above the present share price of $50.82.
Arfstrom expects Discover Financial Services to post earnings per share (EPS) of -$1.20 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Discover Financial Services, with an average price target of $60.33.
The analysts price targets range from a high of $72 to a low of $51.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.66 billion and a net profit of $0. The company's market cap is $15.57 billion.
According to TipRanks.com, RBC Capital analyst Jon Arfstrom is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.2% and a 56.10% success rate.
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.