A Point Investors Can’t Afford To Forget: Discover Financial Services (DFS), Dover Corporation (DOV)

DFS trading volume has lost -598828 shares compared to readings over the past three months as it recently exchanged 1721172 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2320000 shares, and this is 0.74 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.87 point.

Discover Financial Services (NYSE:DFS) dipped by -17.19% over the past three months which led to its overall six-month decrease to stand at -11.89%. The equity price rose 2.04% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -1.77% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -21.3% and is now up by 6.04% since start of this year.

The shares of Discover Financial Services dropped by -23.67% or -$19.39 from its last recorded high of $81.93 which it attained on January 29 to close at $62.54 per share. Over the past 52 weeks, the shares of Discover Financial Services has been trading as low as $54.36 before witnessing a massive surge by 15.05% or $8.18. This price movement has led to the DFS stock receiving more attention and has become one to watch out for. It jumped by 0.08% on Sunday and this got the market excited. The stock’s beta now stands at 1.56 and when compared to its 200-day moving average and its 50-day moving average, DFS price stands -13.29% below and -4.48% below respectively. Its average daily volatility for this week is 1.96% which is less than the 3.1% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Discover Financial Services (DFS) with most of them predicting a $80.29 price target on a short-term (12 months) basis. The average price target by the analysts will see a 28.38% rise in the stock and would lead to DFS’s market cap to surge to $26.95B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 22 analysts that track Discover Financial Services (NYSE:DFS) and find out that 7 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Dover Corporation (NYSE:DOV) currently stands at $77.86 after it went up by $0.38 or 0.49% and has found a strong support at $77.17 a share. If the DOV price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $76.49 mark would also be bad for the stock as it means that the stock would plunge by 1.76% from its current position. However, if the stock price is able to trade above the resistance point around $78.31, then it could likely surge higher to try and break the upward resistance which stands at $78.77 a share. Its average daily volatility over the past one month stands at 2.93%. The stock has plunged by 1.18% from its 52-weeks high of $76.94 which it reached on Sep. 21, 2018. In general, it is 15.45% above its 52-weeks lowest point which stands at $65.83 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Dover Corporation (DOV) for 1 year and it stands at an average $90.85/share. This means that it would likely increase by 16.68% from its current position. The current price of the stock has been moving between $76.94 and $78.08. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $78. On the other hand, one analyst is super bullish about the price, setting a target as high as $105.

The DOV stock Stochastic Oscillator (%D) is at 96.76%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.57 which compares to the 3.11 recorded by the industry or the 2.14 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.86, which is lower than the 17.76 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 6.4% over the past five years.

Analysts view Dover Corporation (NYSE:DOV) as a Hold, with 2.4 consensus rating. Reuters surveyed 20 analysts that follow DOV and found that 12 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Dover Corporation (DOV) shares or sell it if they already own it.