Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Names Joseph F. Eazor to Its Board of Directors

[Business Wire] – Discover Financial Services announced that Joseph F. Eazor has joined the company’s Board of Directors. Read more on this. Discover Financial Services (DFS) , valued at $21.02B, opened this morning at $48.65. Looking at the equity, the company’s one day range is $48.44 to $49.41 and has traded between $48.19 and $61.50 over the past year. DFS shares are currently priced at 9.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.02x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.12 per share annually in dividends, yielding 2.24%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $1.30 per share, which would be $0.11 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.29 would be a $0.07 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.22 Billion. If reported, that would be a 8.82% increase over the year-ago quarter. More recently, JP Morgan downgraded DFS from Overweight to Neutral (Jan 14, 2016). Previously, DA Davidson Initiated DFS at to Buy. With the above information in mind, readers should note that the average price target is $66.84, which is 37.39% above where the stock opened this morning. See more in (NYSE:DFS) Similar Articles: Stock Update: Discover Financial Services (NYSE:DFS) – Discover Recognized as a Best Online Bank and as Having among the Best CD Accounts for 2016 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