In the latest quarter, 16 analysts provided ratings for Discover Finl DFS, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 9 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 7 | 0 | 0 |
Analysts have set 12-month price targets for Discover Finl, revealing an average target of $104.12, a high estimate of $133.00, and a low estimate of $93.00. This upward trend is evident, with the current average reflecting a 1.85% increase from the previous average price target of $102.23.
Decoding Analyst Ratings: A Detailed Look
The standing of Discover Finl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Barker | Piper Sandler | Raises | Overweight | $129.00 | $104.00 |
| Arren Cyganovich | Citigroup | Raises | Buy | $133.00 | $93.00 |
| Ryan Nash | Goldman Sachs | Raises | Buy | $110.00 | $98.00 |
| Vincent Caintic | Stephens & Co. | Maintains | Equal-Weight | $98.00 | - |
| Mihir Bhatia | B of A Securities | Raises | Buy | $116.00 | $94.00 |
| Betsy Graseck | Morgan Stanley | Lowers | Equal-Weight | $94.00 | $95.00 |
| Moshe Orenbuch | TD Cowen | Announces | Outperform | $100.00 | - |
| Kevin Barker | Piper Sandler | Lowers | Neutral | $96.00 | $100.00 |
| Arren Cyganovich | Citigroup | Lowers | Neutral | $93.00 | $94.00 |
| Jon Arfstrom | RBC Capital | Lowers | Outperform | $108.00 | $115.00 |
| Vincent Caintic | Stephens & Co. | Lowers | Equal-Weight | $98.00 | $116.00 |
| James Fotheringham | BMO Capital | Lowers | Market Perform | $99.00 | $100.00 |
| Betsy Graseck | Morgan Stanley | Lowers | Equal-Weight | $95.00 | $100.00 |
| Richard Shane | JP Morgan | Lowers | Neutral | $99.00 | $112.00 |
| Saul Martinez | HSBC | Announces | Buy | $104.00 | - |
| Arren Cyganovich | Citigroup | Lowers | Neutral | $94.00 | $108.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Discover Finl. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Discover Finl compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Discover Finl's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Discover Finl's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Discover Finl analyst ratings.
Get to Know Discover Finl Better
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Breaking Down Discover Finl's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining Discover Finl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.61% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.0%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Discover Finl's ROE stands out, surpassing industry averages. With an impressive ROE of 4.98%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Discover Finl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.46%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Discover Finl's debt-to-equity ratio is below the industry average at 1.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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