At the time of writing, Discover Financial Services [DFS] stock is trading at $125.35, up 0.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DFS shares have gain 3.67% over the last week, with a monthly amount drifted -0.33%, 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.
For the past year, the stock price of Discover Financial Services fluctuated between $79.04 and $131.65. Currently, Wall Street analysts expect the stock to reach $148.89 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $125.35 at the most recent close of the market. An investor can expect a potential return of 18.78% based on the average DFS price forecast.
Analyzing the DFS fundamentals
According to Discover Financial Services [NYSE:DFS], the company’s sales were 21.59B for trailing twelve months, which represents an 20.71% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.16 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.39.
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 124.05 points at the first support level, and at 122.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.40, and for the 2nd resistance point, it is at 127.45.
Ratios To Look Out For
It is important to note that Discover Financial Services [NYSE:DFS] has a current ratio of 0.56. Considering the valuation of this stock, the price to sales ratio is 1.46, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 14.31.
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.
