While Discover Financial Services has overperformed by 1.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DFS rose by 105.55%, with highs and lows ranging from $188.26 to $84.00, whereas the simple moving average jumped by 33.80% 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)
With DFS’s current dividend of $2.80 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 10.84%, showing a positive trend in the upcoming months.
Discover Financial Services’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and DFS has an average volume of 1.50M. On a monthly basis, the volatility of the stock is set at 3.19%, whereas on a weekly basis, it is put at 2.59%, with a gain of 0.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $163.92, showing decline from the present price of $176.07, 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?
Credit Services giant Discover Financial Services (DFS) is based in the USA and is one of the largest companies in the market. 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 14.21, there is a growth in quarterly earnings of 42.86%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 85.92% 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 85.92% at present.
