Discover Financial Services (NYSE: DFS) has garnered a range of opinions from analysts as of March 15, 2024. Here is a breakdown of the recent ratings from 15 analysts:
– Bullish: 4 analysts
– Somewhat Bullish: 4 analysts
– Indifferent: 7 analysts
– Somewhat Bearish: 0 analysts
– Bearish: 0 analysts
Over the past three months, there have been fluctuations in analyst ratings for Discover Financial Services:
– Last 30 Days: No new ratings
– 1 Month Ago: 1 bullish, 1 somewhat bullish, 2 indifferent
– 2 Months Ago: 1 bullish, 2 somewhat bullish, 4 indifferent
– 3 Months Ago: 2 bullish, 1 somewhat bullish, 1 indifferent
Looking at the 12-month price targets for Discover Financial Services:
– Average Target: $127.33
– High Estimate: $168.00
– Low Estimate: $104.00
The current average target has increased by 7.51% compared to the previous average of $118.43.
Analysts have recently made evaluations and adjustments to ratings and price targets for Discover Financial Services:
– Kevin Barker from Piper Sandler raised the rating to Overweight with a price target of $145.00.
– Arren Cyganovich from Citigroup raised the rating to Buy with a price target of $168.00.
– John Pancari from Evercore ISI Group raised the rating to In-Line with a price target of $140.00.
– Jon Arfstrom from RBC Capital raised the rating to Sector Perform with a price target of $140.00.
– Betsy Graseck from Morgan Stanley raised the rating to Overweight with a price target of $133.00.
– James Fotheringham from BMO Capital lowered the rating to Market Perform with a price target of $104.00.
– Meng Jiao from Deutsche Bank lowered the rating to Hold with a price target of $111.00.
– Ryan Nash from Goldman Sachs lowered the rating to Buy with a price target of $121.00.
– Mark Devries from Barclays made no changes to the rating.
These diverse perspectives offer a comprehensive view of analysts’ sentiment towards Discover Financial Services and highlight the recent trends in ratings and price targets.
DFS Stock Price Drops by 1.05% on March 15, 2024: Potential Buying Opportunity Ahead
On March 15, 2024, DFS stock experienced a slight decrease in its price, with shares dropping by $1.30, or 1.05%, since the market last closed. The stock opened at $122.52, which was $1.32 lower than its previous close.
Investors may be keeping a close eye on DFS stock to see how it performs in the coming days. While the recent price drop may be a cause for concern for some, others may see it as a potential buying opportunity if they believe that the stock has strong growth prospects in the future.
DFS Stock Performance Analysis: Revenue Up, Net Income and EPS Down – March 15, 2024
DFS stock performance on March 15, 2024, showed some interesting trends based on the financial data provided by CNN Money. The company reported a total revenue of $20.61 billion for the past year, which represented a 35.55% increase compared to the previous year. In the fourth quarter alone, total revenue was $5.60 billion, reflecting a 4.95% increase from the previous quarter.
However, despite the overall increase in total revenue, the company’s net income showed a different picture. The net income for the past year was reported at $2.92 billion, which represented a 33.1% decrease compared to the previous year. In the fourth quarter, net income was $386.00 million, holding flat compared to the previous quarter.
Earnings per share (EPS) also saw a decline in performance. The EPS for the past year was $11.26, reflecting a 27.3% decrease compared to the previous year. In the fourth quarter, EPS was $1.54, showing a significant decrease of 40.49% compared to the previous quarter.
Overall, the financial data suggests that while total revenue saw an increase, net income and earnings per share experienced declines in performance. This could indicate potential challenges or changes in the company’s operations or market conditions. Investors and analysts may need to closely monitor DFS stock performance and financial reports to assess the company’s future prospects and make informed investment decisions.
