The stock of Discover Financial Services (NYSE:DFS) reached all time high today, Nov, 22 and still has $70.09 target or 5.00% above today’s $66.75 share price. This indicates more upside for the $26.48 billion company. This technical setup was reported by Barchart.com. If the $70.09 PT is reached, the company will be worth $1.32B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.47 million shares traded hands. Discover Financial Services (NYSE:DFS) has risen 17.22% since April 20, 2016 and is uptrending. It has outperformed by 12.67% the S&P500.
Discover Financial Services (NYSE:DFS) Ratings Coverage
Out of 21 analysts covering Discover Financial Services (NYSE:DFS), 13 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 62% are positive. Discover Financial Services has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Top Pick” rating on Wednesday, July 20 by RBC Capital Markets. The stock of Discover Financial Services (NYSE:DFS) has “Outperform” rating given on Wednesday, April 20 by Bernstein. The firm has “Outperform” rating given on Monday, October 5 by Bernstein. Argus Research upgraded the shares of DFS in a report on Wednesday, December 16 to “Buy” rating. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Jefferies on Thursday, September 1. Barclays Capital downgraded the shares of DFS in a report on Wednesday, September 7 to “Equal-Weight” rating. The stock of Discover Financial Services (NYSE:DFS) has “Top Pick” rating given on Thursday, January 28 by RBC Capital Markets. The rating was maintained by Oppenheimer with “Outperform” on Thursday, January 28. The firm earned “Outperform” rating on Wednesday, October 21 by Oppenheimer. The stock of Discover Financial Services (NYSE:DFS) earned “Outperform” rating by JMP Securities on Tuesday, December 22.
According to Zacks Investment Research, “Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.04, from 1.03 in 2016Q1. The ratio fall, as 47 funds sold all Discover Financial Services shares owned while 249 reduced positions. 73 funds bought stakes while 233 increased positions. They now own 333.34 million shares or 3.24% less from 344.50 million shares in 2016Q1.
Guardian Life Insurance Communication Of America holds 0.01% or 1,553 shares in its portfolio. Callahan Advsrs Llc owns 69,000 shares or 0.97% of their US portfolio. Cap World Invsts reported 8.94M shares or 0.13% of all its holdings. Stifel Fincl Corp accumulated 0.34% or 1.37M shares. Dreman Value Management L L C reported 15,538 shares or 0.52% of all its holdings. The New York-based Estabrook Cap has invested 0% in Discover Financial Services (NYSE:DFS). Raymond James And Assocs has 0.07% invested in the company for 438,089 shares. Burney last reported 1.71% of its portfolio in the stock. Cap Advisers Limited Liability, a California-based fund reported 27,047 shares. Bokf Na holds 8,404 shares or 0.02% of its portfolio. Dana Inv Incorporated, a Wisconsin-based fund reported 4,640 shares. Moreover, Mitsubishi Ufj Securities Company Ltd has 0% invested in Discover Financial Services (NYSE:DFS) for 40 shares. Hsbc Holding Public Limited Company owns 411,559 shares or 0.06% of their US portfolio. Moreover, Ny State Common Retirement Fund has 0.1% invested in Discover Financial Services (NYSE:DFS) for 1.23M shares. Moreover, Jag Cap Mngmt Limited Liability Corporation has 0.4% invested in Discover Financial Services (NYSE:DFS) for 34,686 shares.
More recent Discover Financial Services (NYSE:DFS) news were published by: Businesswire.com which released: “Discover Financial Services to Present at J.P. Morgan FinTech & Specialty …” on November 14, 2016. Also Seekingalpha.com published the news titled: “Discover Financial Services (DFS) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Discover Financial Services, Adtran and Franklin Electric” with publication date: October 28, 2016 was also an interesting one.
DFS Company Profile
Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Firm is a bank holding company, as well as a financial holding company. The Firm operates through two divisions: Direct Banking and Payment Services. It provides direct banking services and products and payment services through its subsidiaries. It offers its clients credit card loans, private student loans, personal loans, home equity loans and deposit products.
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