Discover Financial Services (DFS) Getting Somewhat Positive News Coverage, Study Finds
Press coverage about Discover Financial Services (NYSE:DFS) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Discover Financial Services earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.4070381531454 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Discover Financial Services’ (DFS) Buy Rating Reiterated at Barclays (americanbankingnews.com)
- Q4 2017 EPS Estimates for Discover Financial Services Raised by Jefferies Group (DFS) (americanbankingnews.com)
- FY2017 EPS Estimates for Discover Financial Services Lifted by Analyst (DFS) (americanbankingnews.com)
- Discover Recognized for Customer Service Innovation (finance.yahoo.com)
- Discover Study Finds Millennials Are Saving More Than Other Generations (finance.yahoo.com)
Discover Financial Services (NYSE:DFS) traded up $0.13 during midday trading on Friday, reaching $80.51. The company had a trading volume of 2,080,000 shares, compared to its average volume of 2,350,000. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a one year low of $57.50 and a one year high of $81.00. The stock has a market cap of $29,260.00, a PE ratio of 13.86, a PEG ratio of 1.79 and a beta of 1.52.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.01% and a net margin of 20.04%. sell-side analysts predict that Discover Financial Services will post 5.93 earnings per share for the current fiscal year.
DFS has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a research note on Wednesday, October 25th. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Monday, December 18th. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Discover Financial Services in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Discover Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Co initiated coverage on Discover Financial Services in a research note on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $80.76.
In other news, COO Roger C. Hochschild sold 15,258 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.78, for a total transaction of $1,171,509.24. Following the sale, the chief operating officer now directly owns 723,666 shares of the company’s stock, valued at approximately $55,563,075.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn Mcnamara Corley sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total value of $307,240.00. Following the sale, the executive vice president now directly owns 134,744 shares in the company, valued at $10,349,686.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,277 shares of company stock worth $12,673,925. 0.96% of the stock is owned by insiders.
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Discover Financial Services Company Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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