Trading Day Triumph: Discover Financial Services (DFS) Ends at 128.68, a -1.27 Surge/Plunge

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Discover Financial Services (NYSE: DFS) closed the day trading at $128.68 down -1.27% from the previous closing price of $130.34. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 1.28 million shares were traded. DFS stock price reached its highest trading level at $128.93 during the session, while it also had its lowest trading level at $124.47.

Ratios:

For a better understanding of DFS, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.10.

On February 08, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $105 to $133.

HSBC Securities Downgraded its Buy to Hold on January 19, 2024, whereas the target price for the stock was revised from $121 to $107.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 32724609024 and an Enterprise Value of 41643884544. As of this moment, Discover’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.40, and their Forward P/E ratio for the next fiscal year is 9.91. 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 2.15. Its current Enterprise Value per Revenue stands at 3.738.

Stock Price History:

Over the past 52 weeks, DFS has reached a high of $147.61, while it has fallen to a 52-week low of $79.04. The 50-Day Moving Average of the stock is -3.90%, while the 200-Day Moving Average is calculated to be 6.42%.

Shares Statistics:

Over the past 3-months, DFS traded about 1.28M shares per day on average, while over the past 10 days, DFS traded about 1333440 shares per day. A total of 250.10M shares are outstanding, with a floating share count of 249.75M. Insiders hold about 0.53% of the company’s shares, while institutions hold 89.41% stake in the company. Shares short for DFS as of 1723680000 were 2347699 with a Short Ratio of 1.83, compared to 1721001600 on 2330284. Therefore, it implies a Short% of Shares Outstanding of 2347699 and a Short% of Float of 1.0699999999999998.

Dividends & Splits

DFS’s forward annual dividend rate is 2.80, up from 2.8 a year ago. Against a Trailing Annual Dividend Yield of 0.021482278The stock’s 5-year Average Dividend Yield is 2.29.

Earnings Estimates

The stock of Discover Financial Services (DFS) is currently in the spotlight, with 15.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $2.47, with high estimates of $4.28 and low estimates of $1.6.

Analysts are recommending an EPS of between $15.1 and $11.55 for the fiscal current year, implying an average EPS of $13.26. EPS for the following year is $12.9, with 18.0 analysts recommending between $14.8 and $10.0.

Revenue Estimates

For the next quarter, 11 analysts are estimating revenue of $4.44B. There is a high estimate of $4.92B for the next quarter, whereas the lowest estimate is $4.2B.

A total of 14 analysts have provided revenue estimates for DFS’s current fiscal year. The highest revenue estimate was $18.23B, while the lowest revenue estimate was $16.63B, resulting in an average revenue estimate of $17.45B. In the same quarter a year ago, actual revenue was $15.86BBased on 15 analysts’ estimates, the company’s revenue will be $16.84B in the next fiscal year. The high estimate is $17.96B and the low estimate is $15.83B.

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