Discover Financial Services (DFS) shares projected to rise by -3.47%

Discover Financial Services [DFS] stock is trading at $138.71, up 0.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DFS shares have gain 4.35% over the last week, with a monthly amount glided 1.87%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Morgan Stanley upgraded its rating to Overweight on February 08, 2024, and elevated its price target to $133. On January 19, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $107 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $140 on January 10, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $129 on January 03, 2024. Citigroup upgraded its rating to Buy for this stock on December 20, 2023, and upped its price target to $133. In a note dated December 06, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $94 to $116.

Discover Financial Services [DFS] stock has fluctuated between $79.04 and $147.61 over the past year. Currently, Wall Street analysts expect the stock to reach $133.89 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $138.71 at the most recent close of the market. An investor can expect a potential drop of -3.47% based on the average DFS price forecast.

Analyzing the DFS fundamentals

Discover Financial Services [NYSE:DFS] reported sales of 22.58B for the trailing twelve months, which represents a growth of 19.92%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.19 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.

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 137.05 points at the first support level, and at 135.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 139.73, and for the 2nd resistance point, it is at 140.76.

Ratios To Look Out For

For context, Discover Financial Services’s Current Ratio is 2.27. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 12.29.

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.

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