Financial Watchlist of Discover Financial Services (NYSE:DFS)

Marco Green
May 19, 2017

The stock has a consensus rating of Buy and a consensus price target of $73.85.

Several equities research analysts have recently commented on the company.

The consensus recommendation, according to Zacks Investment research, is 1.67. JMP Securities increased their price target on Discover Financial Services from $71.00 to $78.00 and gave the company an outperform rating in a report on Wednesday, January 25th. The rating was upgraded by Deutsche Bank to "Buy" on Thursday, January 7. Finally, Oppenheimer Holdings Inc. set a $85.00 price target on Discover Financial Services and gave the company a buy rating in a report on Tuesday, January 24th. Discover Financial Services (DFS) shares have been seen trading -18.29% off its 52 week- peak value and changed 21.99% from its 52 week-bottom price value.

Discover Financial Services (NYSE:DFS) opened at 60.17 on Wednesday. The company has a 50 day moving average of $64.91 and a 200 day moving average of $67.53. The firm has a market cap of $22.88 billion, a P/E ratio of 10.28 and a beta of 1.42. On average, analysts forecast that Discover Financial Services will post $6.02 earnings per share for the current year. 4,849 were reported by Airain Ltd. Manufacturers Life Insurance The holds 0.15% of its portfolio in Discover Financial Services (NYSE:DFS) for 1.48 million shares. The ratio has worsened, as 320 investment managers started new or increased equity positions, while 335 cut down and sold their stock positions in Discover Financial Services. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion.

While considering growth estimates of the company, it has next quarter growth estimates of 1.3% whereas during current quarter it has 0.7% estimations over growth, comparing to the estimations of 4.3% during current year and 11% for next year. Discover Financial Services's dividend payout ratio (DPR) is now 20.76%. Discover Financial Services had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The market capitalization of the company is at $22.86 Billion. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & global trademark and copyright law.

Since November 28, 2016, it had 0 insider purchases, and 3 insider sales for $11.30 million activity. This represents a $1.20 dividend on an annualized basis and a yield of 1.99%.

On 4/14/2016 Discover Financial Services announced a quarterly dividend of $0.28 with an ex dividend date of 5/3/2016 which will be payable on 5/19/2016. Smith Graham & Inv Advsrs Lp stated it has 0.76% in Discover Financial Services (NYSE:DFS). Alpha One also assigned news coverage about the financial services provider an impact score of 67 out of 100, meaning that recent media coverage is likely to have an impact on the stock's share price in the near term. The stock, after opening at $12.23, closed at $12.15 by scoring -1.62%.

The Average True Range indicator applied to a daily chart of Apple has a current ATR reading of 1.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David W. Nelms sold 15,000 shares of the business's stock in a transaction that occurred on Monday, April 3rd. They now have a United States dollars 62 price target on the stock. Following the completion of the transaction, the chief executive officer now directly owns 1,674,732 shares of the company's stock, valued at approximately $104,134,835.76. The disclosure for this sale can be found here. Ulysses Management Llc who had been investing in Discover Financial Services for a number of months, seems to be bullish on the $23.08B market cap company. The company has a 1-week performance of -1.59%. It dived, as 51 investors sold DFS shares while 284 reduced holdings. Moreover, Korea has 0.28% invested in Discover Financial Services (NYSE:DFS).

The stock grew about 5.32% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well.

Discover Financial Services (NYSE:DFS) last released its earnings results on Tuesday, April 25th. Principal Financial Group Incorporated reported 0.05% of its portfolio in Discover Financial Services (NYSE:DFS). These ratios are important while doing valuation of the company or the shares of the company. Finally, FMR LLC increased its stake in shares of Discover Financial Services by 3.7% in the fourth quarter. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/05/19/discover-financial-services-dfs-position-raised-by-pictet-asset-management-ltd.html.

Discover Financial Services is a direct banking and payment services company. The rating was maintained by Deutsche Bank with "Hold" on Thursday, February 18. The Firm operates through two divisions: Direct Banking and Payment Services.

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