Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Discover Financial Services (NYSE: DFS) closed at $123.61 down -1.40% from its previous closing price of $125.36. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 0.72 million shares were traded. DFS stock price reached its highest trading level at $126.57 during the session, while it also had its lowest trading level at $123.58.
Ratios:
For a deeper understanding of Discover Financial Services’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on February 08, 2024, Upgraded its rating to Overweight and sets its target price to $133 from $105 previously.
On January 19, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $121 to $107.
On January 10, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $140.Deutsche Bank initiated its Hold rating on January 10, 2024, with a $140 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 26 ’24 when Greene John sold 35,191 shares for $106.51 per share. The transaction valued at 3,748,193 led to the insider holds 18,592 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DFS now has a Market Capitalization of 30976542720 and an Enterprise Value of 38502547456. As of this moment, Discover’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.11, and their Forward P/E ratio for the next fiscal year is 9.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 2.27. Its current Enterprise Value per Revenue stands at 3.883.
Stock Price History:
Over the past 52 weeks, DFS has reached a high of $131.65, while it has fallen to a 52-week low of $79.04. The 50-Day Moving Average of the stock is -0.55%, while the 200-Day Moving Average is calculated to be 18.86%.
Shares Statistics:
For the past three months, DFS has traded an average of 2.00M shares per day and 1389900 over the past ten days. A total of 250.10M shares are outstanding, with a floating share count of 248.76M. Insiders hold about 0.73% of the company’s shares, while institutions hold 86.65% stake in the company. Shares short for DFS as of 1713139200 were 2757885 with a Short Ratio of 1.38, compared to 1710460800 on 2959670. Therefore, it implies a Short% of Shares Outstanding of 2757885 and a Short% of Float of 1.26.
Dividends & Splits
According to the company, the forward annual dividend rate for DFS is 2.80, from 2.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.022335673The stock’s 5-year Average Dividend Yield is 2.28.
