Is Discover stock a good buy?
Out of 13 analysts, 5 (38.46%) are recommending DFS as a Strong Buy, 3 (23.08%) are recommending DFS as a Buy, 5 (38.46%) are recommending DFS as a Hold, 0 (0%) are recommending DFS as a Sell, and 0 (0%) are recommending DFS as a Strong Sell.
Is Discover card on the stock market?
Discover Financial Services’ (NYSE:DFS) earnings growth rate lags the 15% CAGR delivered to shareholders.
Why is Discover stock dropping?
The COVID-19 pandemic was the primary culprit for the losses, as Discover’s loan loss reserves skyrocketed because many consumers are expected to struggle in meeting debt payments.
Why is DFS dropping?
Some of this drop appears to be due to peer Visa (V) projecting challenging revenue growth due to near-term uncertainties around the cross-border travel recovery. This has resulted in both DFS and Mastercard’s (MA) share prices dropping in sympathy with that of Visa stock.
Is DFS undervalued?
The company’s primary income comes from the interest earned from consumer credit cards. DFS is 60% undervalued based on our excess returns model, while the price to book ratio may be keeping investors away from the stock.
Is DFS overvalued?
PB vs Industry: DFS is overvalued based on its Price-To-Book Ratio (2.5x) compared to the US Consumer Finance industry average (1.2x).
Who owns Discover Financial Services?
Dean Witter ReynoldsDiscover Financial Services / Parent organization
What bank is Discover card associated with?
Discover Bank
The Discover Card is associated with Discover Bank, a division of Discover Financial Services (DFS). Discover Bank provides credit cards, checking and savings accounts, loans, retirement accounts, and other banking and lending products directly to its customers.
Is Discover in trouble?
Discover stock fell the most in more than a decade after warning it may need to boost operating expenses as much as 11% in 2020. The company’s increased spending will drive marketing for non-card products and better technology, executives said on a call with analysts.
Is Discover stock undervalued?
Price to Book Ratio PB vs Industry: DFS is overvalued based on its Price-To-Book Ratio (2.5x) compared to the US Consumer Finance industry average (1.1x).
Is Discover owned by Chase?
About Discover Financial Services, Inc. Discover Financial Services, Inc., a business unit of Morgan Stanley (NYSE:MWD), operates the Discover Card brands and the Discover Business Services network for its more than 50 million Cardmembers.
Does Morgan Stanley own Discover card?
Discover Financial Services, a business unit of Morgan Stanley (NYSE:MWD), operates the Discover Card and the Discover Network for its more than 50 million Cardmembers.
What is the stock symbol for Discover Financial Services?
Discover Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol “DFS.” Who are Discover Financial Services’ major shareholders? Discover Financial Services’ stock is owned by many different institutional and retail investors.
Is Discover Financial Services efficiently growing its dividend?
Discover Financial Services has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Discover Financial Services is 11.25%.
What is the upside for Discover Financial Services (DFS) stock?
Their forecasts range from $105.00 to $158.00. On average, they expect Discover Financial Services’ stock price to reach $138.31 in the next twelve months. This suggests a possible upside of 18.0% from the stock’s current price.
What are analysts’1 year price targets for Discover Financial Services’stock?
14 analysts have issued 1 year price targets for Discover Financial Services’ shares. Their forecasts range from $105.00 to $158.00. On average, they expect Discover Financial Services’ stock price to reach $138.31 in the next twelve months. This suggests a possible upside of 18.0% from the stock’s current price.