Discover Financial Services [DFS] stock is trading at $127.81, down -1.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DFS shares have gain 2.04% over the last week, with a monthly amount glided 5.79%, and seem to be holding up well over a long-time horizon.
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
On 28, March 2024, Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024. In a post published today on Yahoo Finance, Discover Financial Services (NYSE: DFS) plans to report its First quarter 2024 results after the market closes on Wednesday, April 17, 2024. The earnings release will be available through Discover’s Investor Relations website at https://investorrelations.discover.com.
From an analyst’s perspective:
Discover Financial Services [NYSE: DFS] stock has seen the most recent analyst activity on February 08, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $133 from $105. Previously, HSBC Securities downgraded its rating to Hold on January 19, 2024, and dropped its price target to $107. On January 10, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $140 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $129 on January 03, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $133 on December 20, 2023. BofA Securities upgraded its rating to Buy for this stock on December 06, 2023, and upped its price target to $116. In a note dated November 15, 2023, Barclays initiated an Equal Weight rating and provided a target price of $99 on this stock.
Discover Financial Services [DFS] stock has fluctuated between $79.04 and $131.65 over the past year. Currently, Wall Street analysts expect the stock to reach $150.25 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $127.81 at the most recent close of the market. An investor can expect a potential return of 17.56% based on the average DFS price forecast.
Analyzing the DFS fundamentals
Discover Financial Services [NYSE:DFS] reported sales of 20.62B for the trailing twelve months, which represents a growth of 23.78%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.21 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 127.35 points at the first support level, and at 126.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.66, and for the 2nd resistance point, it is at 129.50.
Discover Financial Services [DFS] reported earnings per share of $1.54 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.5/share, meaning a difference of -$0.96 and a surprise factor of -38.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.59 per share as compared to estimates of $3.19 per share, a difference of -$0.6 representing a surprise of -18.80%.
Ratios To Look Out For
For context, Discover Financial Services’s Current Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.55, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 11.36.
Transactions by insiders
Recent insider trading involved Greene John, EVP, Chief Financial Officer, that happened on Jan 26 ’24 when 35191.0 shares were sold.
