While Discover Financial Services has overperformed by 5.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DFS rose by 62.05%, with highs and lows ranging from $147.61 to $79.04, whereas the simple moving average jumped by 17.71% in the last 200 days.
On June 07, 2024, BTIG Research started tracking Discover Financial Services (NYSE: DFS) recommending Neutral. A report published by Morgan Stanley on February 08, 2024, Upgraded its rating to ‘Overweight’ for DFS. HSBC Securities also Downgraded DFS shares as ‘Hold’, setting a target price of $107 on the company’s shares in a report dated January 19, 2024. Deutsche Bank Initiated an Hold rating on January 10, 2024, and assigned a price target of $140. Piper Sandler January 03, 2024d its ‘Neutral’ rating to ‘Overweight’ for DFS, as published in its report on January 03, 2024. Citigroup’s report from December 20, 2023 suggests a price prediction of $133 for DFS shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Discover Financial Services (DFS)
DFS currently pays a dividend of $2.80 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 19.92%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Discover Financial Services’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 19.32% is sufficient for you to turn a profit off your investment.
An average volume of 1.28M can be a very valuable indicator of volatility for DFS stock. On a monthly basis, the volatility of the stock is set at 3.06%, whereas on a weekly basis, it is put at 2.94%, with a gain of 11.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $151.25, showing growth from the present price of $143.92, which can serve as yet another indication of whether DFS is worth investing in or should be passed over.
How Do You Analyze Discover Financial Services Shares?
The USA based company Discover Financial Services (DFS) is one of the biggest names in Credit Services. When comparing Discover Financial Services shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.75, there is a growth in quarterly earnings of 71.30%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.53%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DFS shares are owned by institutional investors to the tune of 85.62% at present.
