A share price of Discover Financial Services [DFS] is currently trading at $176.58, up 1.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DFS shares have gain 1.55% over the last week, with a monthly amount drifted -1.51%, and not 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 experienced fluctuations in its stock price throughout the past year between $96.46 and $188.26. Currently, Wall Street analysts expect the stock to reach $138.67 within the next 12 months. Discover Financial Services [NYSE: DFS] shares were valued at $176.58 at the most recent close of the market. An investor can expect a potential drop of -21.47% based on the average DFS price forecast.
Analyzing the DFS fundamentals
Trailing Twelve Months sales for Discover Financial Services [NYSE:DFS] were 23.10B which represents 10.84% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.36%, 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 0.2 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
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 174.57 points at the first support level, and at 172.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.65, and for the 2nd resistance point, it is at 178.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Discover Financial Services [NYSE:DFS] is 0.93. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 15.46.
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.
