Analysts' Activity to Watch: Discover Financial Services (NYSE:DFS)

Discover Financial Services (DFS) now has P/E (Price to Earnings) ratio of 10.41 while the company's industry has 39.09 P/E and the sector P/E is 27.92.

The stock is now showing YTD performance of -17.62 Percent.

Several other analysts have also weighed in on DFS. Finally, Zacks Investment Research downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Monday, January 23rd. JP Morgan downgraded the stock to "Neutral" rating in Thursday, January 14 report. The company was maintained on Wednesday, October 21 by Stifel Nicolaus. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. Discover Financial Services (DFS) now trades with a market capitalization of $22.86 Billion.

Among 24 analysts covering Discover Financial Services (NYSE:DFS), 16 have Buy rating, 0 Sell and 8 Hold. Using a scale from 0 to 100, a lower score would indicate an undervalued company and a higher score would signal an expensive or overvalued company. The firm's 50-day moving average is $64.33 and its 200-day moving average is $67.78. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 10.29 and a beta of 1.42.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Tuesday, April 25th.

Let's talk about the gap between analyst price targets for the next 12 months and Discover Financial Services (DFS)'s current share price. The ratio has worsened, as 320 investment managers started new or increased equity positions, while 335 cut down and sold their stock positions in Discover Financial Services. The financial services provider reported $1.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.42 by $0.01. William Blair analyst R. Napoli now forecasts that the financial services provider will earn $1.46 per share for the quarter, down from their previous forecast of $1.53.

With all other things going on, Discover Financial Services (NYSE:DFS) has been on a free fall - declining -16.62 percent in just three months. JMP Securities upped their price objective on shares of Discover Financial Services from $71.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, January 25th. If you are accessing this report on another publication, it was copied illegally and republished in violation of USA & global copyright and trademark law. CA increased its stake in Discover Financial Services by 19.5% in the first quarter. Stockholders of record on Thursday, May 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.99%.

On 4/14/2016 Discover Financial Services announced a quarterly dividend of $0.28 with an ex dividend date of 5/3/2016 which will be payable on 5/19/2016. Ftb Advsr stated it has 0.01% of its portfolio in Discover Financial Services (NYSE:DFS). Insiders own 1.07% of the company's stock.

The Average True Range indicator applied to a daily chart of Apple has a current ATR reading of 1.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

In related news, CEO David W. Nelms sold 30,000 shares of the company's stock in a transaction on Monday, May 1st. The stock was sold at an average price of $67.73, for a total transaction of $677,300.00. The company's stock had a trading volume of 4,464,287 shares. The disclosure for this sale can be found here.

The stock has actually made strong gains in the past year, as the company has gathered a 11.7% return in the past twelve months. Institutional investors own 85.54% of the company's stock.

Several large investors have recently added to or reduced their stakes in DFS. The stock has earnings growth of 5.90% yoy and showed a high EPS growth of 5.30% over the past five years. State Street Corp now owns 21,146,396 shares of the financial services provider's stock valued at $1,524,446,000 after buying an additional 1,207,103 shares during the last quarter.

Sphera Funds Management Ltd. holds 0.34% of its portfolio in Marinus Pharmaceuticals Inc for 1.34 million shares. Norges Bank bought a new stake in Discover Financial Services during the fourth quarter valued at $258,887,000. Following the completion of the sale, the chief executive officer now directly owns 1,674,732 shares of the company's stock, valued at approximately $104,134,835.76. Finally, Deutsche Bank AG reiterated a buy rating on shares of Discover Financial Services in a research report on Sunday, January 8th. ROIC may be a good measure to view when examining whether or not a company is able to invest wisely. Synovus Financial Corp increased its stake in Discover Financial Services by 286.8% in the third quarter.

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