Discover Financial Services (NYSE: DFS) has benefited from extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
DFS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Discover Financial Services has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Discover Financial Services has a good Appreciation Score of 80 but a slightly negative Power Rating of 34, and the Neutral Value Trend Rating results.
Recent Price Action
On 12/5/23, Discover Financial Services (NYSE: DFS) stock enjoyed a large increase of 4.6%, closing at $99.08. Moreover, trading volume in this advance was exceptionally high at 250% of normal. Relative to the market the stock has been weak over the last nine months but has risen 16.0% during the last week.
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