On 1/18/24, Discover Financial Services (NYSE: DFS) stock suffered a major decline of -10.8%, closing at $97.00. Moreover, this decline was accompanied by exceptionally high trading volume at 505% of normal. The stock has declined -12.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DFS is expected to continue to be a major Value Builder.
Discover Financial Services has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Discover Financial Services has a good Appreciation Score of 77 but a neutral Power Rating of 43, and the High Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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