Discover Financial Services (NYSE: DFS) has a price-to-earnings ratio that is above its average at 10.66x. The stock has a 36-month beta value of 1.44. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 8 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for DFS is 248.64M, and at present, short sellers hold a 1.14% of that float. On April 18, 2024, the average trading volume of DFS was 2.37M shares.
DFS) stock’s latest price update
The stock price of Discover Financial Services (NYSE: DFS) has surged by 0.27 when compared to previous closing price of 119.57, but the company has seen a -2.76% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that While the top- and bottom-line numbers for Discover (DFS) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
DFS’s Market Performance
Discover Financial Services (DFS) has experienced a -2.76% fall in stock performance for the past week, with a -0.41% drop in the past month, and a 10.25% rise in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 1.92% for DFS. The simple moving average for the last 20 days is -4.23% for DFS stock, with a simple moving average of 15.93% for the last 200 days.
Analysts’ Opinion of DFS
Many brokerage firms have already submitted their reports for DFS stocks, with Morgan Stanley repeating the rating for DFS by listing it as a “Overweight.” The predicted price for DFS in the upcoming period, according to Morgan Stanley is $133 based on the research report published on February 08, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see DFS reach a price target of $107, previously predicting the price at $121. The rating they have provided for DFS stocks is “Hold” according to the report published on January 19th, 2024.
Deutsche Bank gave a rating of “Hold” to DFS, setting the target price at $140 in the report published on January 10th of the current year.
DFS Trading at -0.53% from the 50-Day Moving Average
After a stumble in the market that brought DFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.93% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares sank -1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.44% upper at present.
During the last 5 trading sessions, DFS fell by -2.76%, which changed the moving average for the period of 200-days by +2.60% in comparison to the 20-day moving average, which settled at $125.12. In addition, Discover Financial Services saw 6.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DFS starting from Greene John, who sale 35,191 shares at the price of $106.51 back on Jan 26 ’24. After this action, Greene John now owns 18,592 shares of Discover Financial Services, valued at $3,748,193 using the latest closing price.
Stock Fundamentals for DFS
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 1.0 for the gross margin
The net margin for Discover Financial Services stands at 0.17. The total capital return value is set at 0.06. Equity return is now at value 19.91, with 2.07 for asset returns.
Based on Discover Financial Services (DFS), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 2.41.
Currently, EBITDA for the company is 168.0 million with net debt to EBITDA at 2.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
To sum up, Discover Financial Services (DFS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
