Discover Financial Services (NYSE: DFS) is -4.09% lower on its value in year-to-date trading and has touched a low of $119.31 and a high of $205.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DFS stock was last observed hovering at around $169.66 in the last trading session, with the day’s loss setting it -3.52%.
Currently trading at $166.14, the stock is -1.92% and -10.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing -2.07% at the moment leaves the stock 5.56% off its SMA200. DFS registered 32.11% gain for a year compared to 6-month gain of 18.50%. The firm has a 50-day simple moving average (SMA 50) of $185.271 and a 200-day simple moving average (SMA200) of $157.1667.
The stock witnessed a -11.50% loss in the last 1 month and extending the period to 3 months gives it a -4.05%, and is 2.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 4.17% over the month.
Discover Financial Services (DFS) has around 21000 employees, a market worth around $41.80B and $23.73B in sales. Current P/E ratio is 10.67 and Fwd P/E is 10.47. Profit margin for the company is 16.47%. Distance from 52-week low is 39.25% and -19.26% from its 52-week high. The company has generated returns on investments over the last 12 months (13.95%).
The EPS is expected to shrink by -21.57% this year
1514.0 institutions hold shares in Discover Financial Services (DFS), with institutional investors hold 85.11% of the company’s shares. The shares outstanding are 251.34M, and float is at 250.16M with Short Float at 2.16%. Institutions hold 84.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.5 million shares valued at $3.99 billion. The investor’s holdings represent 12.2001 of the DFS Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 20.26 million shares valued at $2.65 billion to account for 8.07 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 19.37 million shares representing 7.7172 and valued at over $2.53 billion, while STATE STREET CORP holds 4.1504 of the shares totaling 10.42 million with a market value of $1.36 billion.
