ION Geophysical (IO) Reaches $21.35 52-Week High; Lenox Group Has 0.77 Sentiment

January 15, 2018 - By Louis Casey

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States. The company has market cap of $29.26 billion. It operates in two divisions, Direct Banking and Payment Services. It has a 13.84 P/E ratio. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer services and products, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

The stock of ION Geophysical Corporation (NYSE:IO) hit a new 52-week high and has $23.27 target or 9.00% above today’s $21.35 share price. The 9 months bullish chart indicates low risk for the $253.98M company. The 1-year high was reported on Jan, 15 by Barchart.com. If the $23.27 price target is reached, the company will be worth $22.86M more. The stock decreased 11.23% or $2.7 during the last trading session, reaching $21.35. About 221,972 shares traded or 39.76% up from the average. ION Geophysical Corporation (NYSE:IO) has declined 32.43% since January 15, 2017 and is downtrending. It has underperformed by 49.13% the S&P500.

Among 2 analysts covering Ion Geophysical Corp (NYSE:IO), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Ion Geophysical Corp had 4 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of ION Geophysical Corporation (NYSE:IO) has “Sell” rating given on Thursday, September 3 by Zacks. The stock of ION Geophysical Corporation (NYSE:IO) earned “Market Perform” rating by Cowen & Co on Monday, August 24. As per Monday, August 10, the company rating was downgraded by Zacks. As per Monday, August 24, the company rating was downgraded by Zacks.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The company has market cap of $253.98 million. It operates through three divisions: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services. It currently has negative earnings. The E&P Technology & Services segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization.

Ratings analysis reveals 33% of Discover Financial Services’s analysts are positive. Out of 3 Wall Street analysts rating Discover Financial Services, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. DFS was included in 3 notes of analysts from October 11, 2016. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by Susquehanna on Friday, January 6. The company was initiated on Tuesday, October 11 by Wedbush. Bank of America upgraded the shares of DFS in report on Thursday, December 15 to “Buy” rating.

The stock increased 0.19% or $0.15 during the last trading session, reaching $80.51. About 2.08M shares traded. Discover Financial Services (DFS) has risen 10.42% since January 15, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. They expect $1.53 EPS, up 9.29% or $0.13 from last year’s $1.4 per share. DFS’s profit will be $555.98 million for 13.16 P/E if the $1.53 EPS becomes a reality. After $1.59 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -3.77% negative EPS growth.

Bruni J V & Co Co holds 5.2% of its portfolio in Discover Financial Services for 423,198 shares. Corbyn Investment Management Inc Md owns 249,809 shares or 5.13% of their US portfolio. Moreover, Mu Investments Co. Ltd. has 3.77% invested in the company for 75,900 shares. The New Jersey-based Columbus Hill Capital Management L.P. has invested 3.23% in the stock. Md Sass Investors Services Inc, a New York-based fund reported 598,201 shares.

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