While Discover Financial Services has underperformed by -3.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DFS rose by 80.84%, with highs and lows ranging from $157.06 to $81.09, whereas the simple moving average jumped by 16.04% 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)
A return on investment can be expected regardless of DFS’s performance over the next quarter with the dividend set at $2.80 per share. Further, the quarter-over-quarter increase in sales is 10.84%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Discover Financial Services’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 20.17% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and DFS is recording an average volume of 1.20M. On a monthly basis, the volatility of the stock is set at 2.74%, whereas on a weekly basis, it is put at 3.90%, with a gain of 3.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $157.83, showing growth from the present price of $148.43, 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 leading company in the Credit Services sector, 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 11.98, there is a growth in quarterly earnings of 42.86%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 85.38% 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 85.38% at present.
