Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Discover Financial Services (DFS) Stock Price
News articles about Discover Financial Services (NYSE:DFS) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Discover Financial Services earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.5406476368943 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Discover Financial Services (DFS) Expected to Announce Quarterly Sales of $1.85 Billion (americanbankingnews.com)
- Interesting DFS Put And Call Options For December 15th (nasdaq.com)
- Teetering Stocks: Wal-Mart Stores, Inc., (NYSE: WMT), Discover Financial Services, (NYSE: DFS), Triumph Group, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Discover Financial’s Unenviable, Undeniable, and Unbelievable Problem (finance.yahoo.com)
- Discover Financial's Unenviable, Undeniable, and Unbelievable Problem (finance.yahoo.com)
A number of equities research analysts have weighed in on DFS shares. Wells Fargo & Company started coverage on Discover Financial Services in a report on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 target price on the stock. Zacks Investment Research raised Discover Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Buckingham Research started coverage on Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Discover Financial Services in a report on Tuesday, July 18th. Finally, Bank of America Corporation downgraded Discover Financial Services from a “buy” rating to a “neutral” rating and reduced their target price for the company from $67.00 to $63.00 in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Discover Financial Services has an average rating of “Hold” and an average price target of $74.45.
Discover Financial Services (NYSE:DFS) opened at $64.76 on Monday. The stock has a market capitalization of $23,532.53, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.71 and a beta of 1.52. 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 12-month low of $57.50 and a 12-month high of $74.33.
Discover Financial Services declared that its board has authorized a stock buyback program on Tuesday, July 25th that allows the company to repurchase $2.75 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 11.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio is currently 24.05%.
In other news, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.51, for a total value of $516,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $59.63, for a total value of $238,520.00. Following the completion of the transaction, the executive vice president now directly owns 150,744 shares of the company’s stock, valued at $8,988,864.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,277 shares of company stock valued at $11,020,650. Corporate insiders own 0.96% of the company’s stock.
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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