Published: Fri, May 19, 2017
Business | By Max Garcia

Financial Watchlist of Discover Financial Services (NYSE:DFS)


Discover Financial Services (NYSE:DFS), after opening at $59.11, closed at $58.84 by scoring -2.21%. The $27.42 level represents at least another 2.32% downside for the stock from its current price.

Several other large investors have also added to or reduced their stakes in the stock.

Among 24 analysts covering Discover Financial Services (NYSE:DFS), 16 have Buy rating, 0 Sell and 8 Hold. Oppenheimer maintained it with "Outperform" rating and $67 target in Thursday, January 28 report.

12/15/2016 - Discover Financial Services was upgraded to "buy" by analysts at Bank of America Merrill Lynch. The firm has "Buy" rating given on Wednesday, October 5 by Deutsche Bank.

01/06/2017 - Discover Financial Services was downgraded to "neutral" by analysts at Susquehanna.

There are 1 sell rating, 7 hold ratings, 17 buy ratings on the stock. Strs Ohio sold 208,835 shares as Discover Financial (DFS)'s stock 0.00%.

Discover Financial Services (NYSE:DFS) opened at 60.17 on Wednesday. For the current year the company's revenue estimates are $9.75 Billion compared to low analyst estimates of $9.68 Billion and high estimates of $10.26 Billion according to 20 number of analysts. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 10.25 and a beta of 1.42. With 3.44 million avg volume, 1 days are for Discover Financial Services (NYSE:DFS)'s short sellers to cover DFS's short positions.

Discover Financial Services (DFS) reported earning per shares for the quarter ending April 25 AMC at 1.43, whereas, 26 number of analysts estimated the mean EPS at 1.48. Discover Financial Services had a return on equity of 21.66% and a net margin of 22.54%. The financial services provider reported $1.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.42 by $0.01. While in the same Quarter Previous year, the Actual EPS was $1.47.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Discover Financial Services (NYSE:DFS) high price target of $87 and with a conservative view have low price target of $64.

According to analysts Discover Financial Services (NYSE:DFS)'s minimum EPS for the current quarter is at $1.38 and can go high up to $1.62. If you are reading this article on another site, it was illegally copied and reposted in violation of USA and global copyright and trademark legislation. CA increased its stake in Discover Financial Services by 19.5% in the first quarter.

On 7/14/2016 Discover Financial Services announced a quarterly dividend of $0.30 with an ex dividend date of 8/2/2016 which will be payable on 8/18/2016. The ex-dividend date of this dividend is Tuesday, May 9th. Discover Financial Services's dividend payout ratio (DPR) is 20.76%. BlackRock Inc. now owns 30,704,582 shares of the financial services provider's stock valued at $2,099,886,000 after buying an additional 29,796,268 shares during the last quarter. About 10 shares traded. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 500,000 Gap Inc (NYSE:GPS) shares with value of $12.29 million were sold by FISHER ROBERT J. Chapman Paul Joseph had sold 6,764 shares worth $169,054 on Monday, November 21. The stock appeared -24.86% below its 52-week highs and is down -0.65% for the last five trades. The disclosure for this sale can be found here. The company has a market cap of $6.10B and its 12 month revenue was nearly $2.67B. Institutional investors own 85.54% of the company's stock.

DFS has been the topic of several research reports.

01/06/2017 - Compass Point began new coverage on Discover Financial Services giving the company a "buy" rating. The business's quarterly revenue was up 5.2% on a year-over-year basis.

14-day Williams %R for Discover Financial Services (NYSE:DFS) moved to around 98.84. Corbyn Investment Management Inc Md owns 241,827 shares or 5.19% of their USA portfolio. Finally, Princeton Alpha Management LP increased its stake in Discover Financial Services by 73.0% in the first quarter. Following the completion of the sale, the chief financial officer now owns 98,905 shares of the company's stock, valued at approximately $6,379,372.50. Korea has invested 0.28% 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. Elkfork Partners LLC now owns 215,336 shares of the financial services provider's stock valued at $14,727,000 after buying an additional 71,236 shares during the last quarter. The original version of this article can be accessed at https://baseballnewssource.com/markets/discover-financial-services-dfs-receives-outperform-rating-from-cibc-updated-updated/667720.html.

More notable recent Discover Financial Services (NYSE:DFS) news were published by: Businesswire.com which released: "Discover Financial Services to Present at Deutsche Bank 7th Annual Global ..." on March 17, 2016, also Nasdaq.com with their article: "Discover Financial Services Becomes Oversold" published on May 16, 2017, Seekingalpha.com published: "Discover Financial Services: Buy The Dip" on May 12, 2017. Watching a firm's EV may be useful when comparing companies with different capital structures. The Company's Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services.

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