Discover Financial Services (NYSE:DFS) has a beta value of 1.40 and has seen 2.82 million shares traded in the recent trading session. The company, currently valued at $44.75B, closed the recent trade at $178.22 per share which meant it gained $26.37 on the day or 17.37% during that session. The DFS stock price is 11.87% off its 52-week high price of $157.06 and 53.91% above the 52-week low of $82.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.75 million shares traded. The 3-month trading volume is 1.25 million shares.
The consensus among analysts is that Discover Financial Services (DFS) is Buy stock at the moment, with a recommendation rating of 2.44. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.92.
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Discover Financial Services (NYSE:DFS) trade information
Sporting 17.37% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DFS stock price touched $178.22 or saw a rise of 5.09%. Year-to-date, Discover Financial Services shares have moved 58.56%, while the 5-day performance has seen it change 15.35%. Over the past 30 days, the shares of Discover Financial Services (NYSE:DFS) have changed 25.43%. Short interest in the company has seen 3.78 million shares shorted with days to cover at 3.24.
Wall Street analysts have a consensus price target for the stock at $137, which means that the shares’ value could drop -30.09% from the levels at last check today.. The projected low price target is $104.0 while the price target rests at a high of $161.0. In that case, then, we find that the latest price level in today’s session is 9.66% off the targeted high while a plunge would see the stock lose 41.65% from the levels at last check today..
Discover Financial Services (DFS) estimates and forecasts
Figures show that Discover Financial Services shares have outperformed across the wider relevant industry. The company’s shares have gained 44.23% over the past 6 months, with this year growth rate of 18.56%, compared to 9.00% for the industry. Revenue growth from the last financial year stood is estimated to be 11.00%.
13 analysts offering their estimates for the company have set an average revenue estimate of 4.54B for the current quarter. 8 have an estimated revenue figure of 4.17B for the next ending quarter. Year-ago sales stood 4.2B and 4.21B respectively for this quarter and the next, and analysts expect sales will grow by 8.10% for the current quarter and 11.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.63% over the past 5 years.
DFS Dividends
Discover Financial Services is expected to release its next earnings report on 2025-Jan-15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.80 at a share yield of 1.57%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.28%.
Discover Financial Services (NYSE:DFS)’s Major holders
Insiders own 0.57% of the company shares, while shares held by institutions stand at 86.34% with a share float percentage of 86.84%. Investors are also buoyed by the number of investors in a company, with Discover Financial Services having a total of 1359.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 30.5 million shares worth more than $3.99 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.2001% of shares outstanding.
The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 20.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.65 billion and represent 8.1023% of shares outstanding.
