While Discover Financial Services has underperformed by -0.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DFS rose by 55.18%, with highs and lows ranging from $147.61 to $79.04, whereas the simple moving average jumped by 13.26% 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’.
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Analysis of Discover Financial Services (DFS)
It’s important to note that DFS shareholders are currently getting $2.80 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 19.92%, showing a positive trend in the upcoming months.
Discover Financial Services’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and DFS is registering an average volume of 1.22M. On a monthly basis, the volatility of the stock is set at 2.63%, whereas on a weekly basis, it is put at 2.21%, with a gain of 3.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $153.50, showing growth from the present price of $141.74, 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?
A giant in the Credit Services market, Discover Financial Services (DFS) is based in the USA. 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 12.56, there is a growth in quarterly earnings of 71.30%.
Besides checking the fundamentals, you should also know 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 0.52%. 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 85.66% 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 85.66% at present.
