The stock of Discover Financial Services (NYSE:DFS) hit a new 52-week high and has $70.02 target or 3.00% above today’s $67.98 share price. The 7 months bullish chart indicates low risk for the $26.87B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $70.02 price target is reached, the company will be worth $806.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.04 million shares traded hands. Discover Financial Services (NYSE:DFS) has risen 19.57% since April 28, 2016 and is uptrending. It has outperformed by 13.64% the S&P500.
Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 25. They expect $1.42 earnings per share, up 24.56% or $0.28 from last year’s $1.14 per share. DFS’s profit will be $561.27M for 11.97 P/E if the $1.42 EPS becomes a reality. After $1.56 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -8.97% negative EPS growth.
Discover Financial Services (NYSE:DFS) Ratings Coverage
Out of 21 analysts covering Discover Financial Services (NYSE:DFS), 13 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 62% are positive. Discover Financial Services has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. DA Davidson initiated the stock with “Buy” rating in Wednesday, January 13 report. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Wednesday, April 20 by Goldman Sachs. The rating was downgraded by Macquarie Research on Wednesday, May 11 to “Neutral”. On Wednesday, May 4 the stock rating was maintained by Deutsche Bank with “Buy”. On Thursday, September 1 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Wednesday, December 16 by Argus Research. The firm has “Top Pick” rating given on Thursday, January 28 by RBC Capital Markets. The stock has “Outperform” rating given by Bernstein on Wednesday, April 20. As per Thursday, September 10, the company rating was initiated by Sterne Agee CRT. Stifel Nicolaus maintained Discover Financial Services (NYSE:DFS) on Thursday, July 23 with “Buy” rating.
According to Zacks Investment Research, “Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.04, from 1.03 in 2016Q1. The ratio worsened, as 47 funds sold all Discover Financial Services shares owned while 249 reduced positions. 73 funds bought stakes while 233 increased positions. They now own 333.34 million shares or 3.24% less from 344.50 million shares in 2016Q1.
Hancock Company holds 0.54% or 241,681 shares in its portfolio. Finemark Comml Bank holds 0.01% or 2,389 shares in its portfolio. Capital Financial Advisers Limited Liability holds 0.01% or 27,047 shares in its portfolio. Ny State Common Retirement Fund last reported 0.1% of its portfolio in the stock. Reliance Tru Of Delaware reported 13,989 shares or 0.06% of all its holdings. Qcm Cayman Ltd reported 5,576 shares or 0.13% of all its holdings. Stanley has 4,581 shares for 0.1% of their US portfolio. Ls Inv Advisors Limited Liability Company holds 0.92% of its portfolio in Discover Financial Services (NYSE:DFS) for 247,925 shares. Amf Pensionsforsakring Ab has 1.19 million shares for 0.82% of their US portfolio. Great Lakes Advsr Lc owns 4,712 shares or 0.01% of their US portfolio. Joel Isaacson & Ltd Liability Co owns 70 shares or 0% of their US portfolio. Massachusetts Ser Co Ma has 0.15% invested in the company for 5.45 million shares. Chicago Equity Prtnrs Limited Liability Company last reported 194,650 shares in the company. Capstone Asset Mngmt reported 36,629 shares or 0.06% of all its holdings. Moreover, Conning Incorporated has 0.02% invested in Discover Financial Services (NYSE:DFS) for 10,637 shares.
More news for Discover Financial Services (NYSE:DFS) were recently published by: Fool.com, which released: “Better Buy: PayPal Holdings Inc vs. Discover Financial Services” on November 30, 2016. Finance.Yahoo.com‘s article titled: “Discover Financial Services to Present at J.P. Morgan FinTech & Specialty …” and published on November 14, 2016 is yet another important article.
DFS Company Profile
Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Firm is a bank holding company, as well as a financial holding company. The Firm operates through two divisions: Direct Banking and Payment Services. It provides direct banking services and products and payment services through its subsidiaries. It offers its clients credit card loans, private student loans, personal loans, home equity loans and deposit products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.