Stock Update: Discover Financial Services (NYSE:DFS) – Discover Recognized as a Best Online Bank and as Having among the Best CD Accounts for 2016

[Business Wire] – Discover was recognized as a best online bank and as offering one of the best CD accounts for 2016 in GOBankingRates’ fourth annual “Best Banks” series. Read more on this. Discover Financial Services (DFS) , valued at $21.12B, opened at $51.44. Today, shares have traded between $49.16 and $51.68 per share and has traded between $49.16 and $61.89 over the past 12 months. Discover (DFS) shares are currently priced at 9.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.02x earnings multiple for the same period. The company pays shareholders $1.12 per share in dividend income per year, for a current yield of 2.24%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.30 per share, which would be $0.11 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $5.30 is a $0.08 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.22 Billion. If realized, that would be a 8.82% increase over the year-ago quarter. In terms of ratings, DA Davidson Initiated DFS at Buy (Jan 13, 2016). Previously, Deutsche Bank upgraded DFS from Hold to Buy. With the above information in mind, readers should note that the average price target is $67.17, which is 30.58% above where the stock opened this morning. See more in (NYSE:DFS) Similar Articles: Market Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Joins Banking Industry Architecture Network Stock Update (NYSE:DFS): Discover Financial Services to Present at Barclays Global Financial Services Conference Stock Update: Discover Financial Services (NYSE:DFS) – Discover Recognized as a Leader in Developing and Attracting Asian Pacific-American Employees