Company Update: Discover Financial Services (NYSE:DFS) – Discover Recognized as One of the Top Employers for Asian Pacific Americans

[Business Wire] – For the second year in a row, Discover Financial Services has been recognized by the Asia Society as one of the top employers for Asian Pacific Americans. The 2016 Asian Pacific American Employer Awards honor companies at the forefront of promoting Asian Pacific American employees and global diversity. Read more on this. Discover Financial Services (DFS) , with a current market cap of $21.92B, began trading this morning at $53.40. Today, shares have traded between $52.89 and $53.61 per share and has traded between $42.86 and $59.88 over the past 12 months. DFS shares are currently priced at 9.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.44x forward p/e ratio. The company pays shareholders $1.12 per share annually in dividends, yielding 2.12%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.42 per share, which would be $0.09 better than the year-ago quarter and a $0.05 sequential increase. Investors should also note that the full-year EPS estimate of $5.70 is a $0.57 better 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 1.83% increase over the year-ago quarter. More recently, Macquarie downgraded DFS from Outperform to Neutral (May 11, 2016). Previously, BofA/Merrill downgraded DFS from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $63.17, which is 18.30% above where the stock opened this morning. See more in (NYSE:DFS) Similar Articles: Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Reports First Quarter Net Income of $575 Million or $1.35 Per Diluted Share Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Names Joseph F. Eazor to Its Board of Directors Stock Update: Discover Financial Services (NYSE:DFS) – Discover Recognized as a Best Online Bank and as Having among the Best CD Accounts for 2016