Discover Financial Services Reaches New 52-Week High (DFS)
Discover Financial Services (NYSE:DFS) hit a new 52-week high Thursday as it is currently trading at $39.26, above its previous 52-week high of $39.23 with 2.3 million shares traded as of 2:35 p.m. ET. Average volume has been 4.2 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Discover Financial Services (NYSE: DFS) hit a new 52-week high Thursday as it is currently trading at $39.26, above its previous 52-week high of $39.23 with 2.3 million shares traded as of 2:35 p.m. ET. Average volume has been 4.2 million shares over the past 30 days. Discover Financial Services has a market cap of $19.74 billion and is part of the financial sector and financial services industry. Shares are up 59.5% year to date as of the close of trading on Wednesday. Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. The company has a P/E ratio of 8.9, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Discover Financial Services Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.