Business

Rating Roundup: Discover Financial Services (NYSE:DFS)

Discover Financial Services (NYSE:DFS) shares traded 1.29% up during most recent session to reach at the closing price of $59.8. The stock exchanged hands 2.66 Million shares versus average trading capacity of 2.99 Million shares, yielding a market cap of $22.74 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $77.02 within the next 52-weeks. The mean target projections are based on 25 opinions.

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.

Deutsche Bank “Downgrades” Discover Financial Services (NYSE:DFS) in a research note issued to investors on 5/01/17 to Hold with price target of $0.

Additionally on 3/29/17 Rafferty “Initiates Coverage On” Discover Financial Services (NYSE:DFS) to Hold setting price target at $70 and on 12/15/16 Bank of America “Upgrades” the stock to Buy at $0. Furthermore on 12/07/16 Wedbush “Upgrades” the stock to Outperform at $0.

On the other hand the company has Relative Strength Index (RSI 14) of 38.14 along with Average True Range (ATR 14) of 1.1, Consequently Discover Financial Services (NYSE:DFS)’s weekly and monthly volatility is 1.36%, 1.65% respectively. The company’s beta value is at 1.46.

In terms of Buy, Sell or Hold recommendations, Discover Financial Services (NYSE:DFS) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

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 $1.58. The consensus mean EPS for the current quarter is at $1.48 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.47 earnings per share for the same quarter during last year.

Previously Discover Financial Services (NYSE:DFS) reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $-0.01. The company posted an earnings surprise of -0.7%.

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 10.8% for next year. Past 5 years growth of Discover Financial Services (NYSE:DFS) observed at 5.32%, looking forward for the next 5 years it has a strong prediction of 8.43% over growth.

Discover Financial Services (NYSE:DFS)’s revenue estimates for the current quarter are $2.4 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $2.46 Billion in contradiction of low revenue estimates of $2.36 Billion. For the current year the company’s revenue estimates are $9.76 Billion compared to low analyst estimates of $9.68 Billion and high estimates of $10.26 Billion according to 20 number of analysts.

Currently Discover Financial Services (NYSE:DFS)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 87.8%. However the six-month change in the insider ownership was recorded -9.12%, as well as three-month change in the institutional ownership was recorded -2.15%.

Discover Financial Services (NYSE:DFS) 52-week high price stands at $74.33 and low price stands at $50.32, its price distance from 52-week high is -19.55% while its distance from 52-week low price is 18.84%. The stock hit its 52-week high on 01/04/17, and 52-week low on 06/27/16.

Discover Financial Services (NYSE:DFS)’s trailing twelve month revenues are $8.81 Billion, whereas its price to sales ratio for the same period is 2.62. Its book value per share for the most recent quarter is $27.73 while its price to book ratio for the same period is 2.16, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 1.21 whereas its trailing twelve month P/E ratio is 10.23.

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