Discover Financial Services (DFS) Can’t Be More Hot. Just Reaches 52-Week High

January 14, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It worsened, as 71 investors sold Discover Financial Services shares while 261 reduced holdings. 58 funds opened positions while 197 raised stakes. 301.28 million shares or 2.91% less from 310.30 million shares in 2017Q2 were reported.
306,116 were accumulated by Nuveen Asset Management Limited Liability. Private Ocean Ltd Company has 0.01% invested in Discover Financial Services (NYSE:DFS). Utd Services Automobile Association holds 386,916 shares. Cap Fund has 83,617 shares for 0.04% of their portfolio. Trust Of Oklahoma invested in 3,234 shares or 0.1% of the stock. Ironwood Financial Ltd Liability Corp reported 0% of its portfolio in Discover Financial Services (NYSE:DFS). Panagora Asset Mgmt Incorporated has invested 0.01% in Discover Financial Services (NYSE:DFS). Mu Investments stated it has 3.77% in Discover Financial Services (NYSE:DFS). Veritable Lp invested in 0.03% or 23,437 shares. Nomura Holdg Inc holds 18,960 shares or 0% of its portfolio. Etrade Capital Limited Liability invested in 0.02% or 7,143 shares. Vigilant Management Lc reported 3,000 shares. Condor Mgmt has invested 0.29% in Discover Financial Services (NYSE:DFS). Meiji Yasuda Asset Mngmt Limited reported 21,320 shares. Schroder Management holds 0.28% or 2.49M shares in its portfolio.

The stock of Discover Financial Services (NYSE:DFS) hit a new 52-week high and has $83.73 target or 4.00 % above today’s $80.51 share price. The 6 months bullish chart indicates low risk for the $29.26B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $83.73 price target is reached, the company will be worth $1.17B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.19% or $0.15 during the last trading session, reaching $80.51. About 2.08M shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since January 14, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. They expect $1.53 EPS, up 9.29 % or $0.13 from last year’s $1.4 per share. DFS’s profit will be $555.98M for 13.16 P/E if the $1.53 EPS becomes a reality. After $1.59 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -3.77 % negative EPS growth.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 31 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services has $107.0 highest and $43 lowest target. $72.11’s average target is -10.43% below currents $80.51 stock price. Discover Financial Services had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America to “Buy” on Monday, December 18. The firm has “Buy” rating given on Thursday, January 7 by Deutsche Bank. The rating was upgraded by Barclays Capital to “Overweight” on Monday, December 11. The rating was maintained by Stephens with “Sell” on Tuesday, January 2. The rating was upgraded by Bernstein on Monday, October 5 to “Outperform”. The company was maintained on Wednesday, July 20 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, April 11 by Wood. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Jefferies on Tuesday, July 18. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. The company was maintained on Wednesday, October 25 by Barclays Capital.

More notable recent Discover Financial Services (NYSE:DFS) news were published by: Businesswire.com which released: “Discover Financial Services Announces Fourth Quarter 2017 Earnings Release and …” on December 20, 2017, also Nasdaq.com with their article: “Discover Financial (DFS) Grows on Loans, High Debt Hurts” published on December 26, 2017, Nasdaq.com published: “Discover Financial Expands Global Presence With NAPAS Deal” on December 21, 2017. More interesting news about Discover Financial Services (NYSE:DFS) were released by: Fool.com and their article: “Is Discover Financial Services’ Dividend Safe?” published on January 04, 2018 as well as Nasdaq.com‘s news article titled: “Should Value Investors Pick Discover Financial Services (DFS) Stock?” with publication date: December 19, 2017.

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States. The company has market cap of $29.26 billion. It operates in two divisions, Direct Banking and Payment Services. It has a 13.84 P/E ratio. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer services and products, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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