Discover Financial Services [DFS] stock is trading at $119.89, up 0.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The DFS shares have lost -2.76% over the last week, with a monthly amount drifted -0.41%, and not seem to be holding up well over a long-time horizon.
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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 $151.25 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $119.89 at the most recent close of the market. An investor can expect a potential return of 26.16% 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 119.21 points at the first support level, and at 118.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.02, and for the 2nd resistance point, it is at 122.16.
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 1.46, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 10.66.
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.
