At the moment, the average analyst rating for JCP is Hold. Citigroup Inc.'s price objective points to a potential upside of 35.59% from the company's previous close.
On October 30 analysts at B. Riley released a research note on JCP stating a rating of "Hold" and setting a price target of $4.00.
Short traders are feeling a little more bearish on J.C. Penney Company Inc recently if you take note of the rise in short interest. Of the analysts who provided ratings, 12 rated the company a Hold, and 2 rated it a Strong Buy. Holding in a research report on Wednesday, August 16th.
In other J.C. Penney Company, Inc. Holding from a "hold" rating to a "sell" rating in a report on Wednesday, October 11th. Telsey Advisory Group maintained J C Penney Company Inc (NYSE:JCP) rating on Monday, May 15. The firm earned "Hold" rating on Monday, September 18 by Stifel Nicolaus.
COPYRIGHT VIOLATION NOTICE: "BMO Capital Markets Analysts Give J.C. Penney Company, Inc". The brokerage now has a "hold" rating on the department store operator's stock. Old Mutual Customised Solutions (Proprietary) has invested 0% of its portfolio in J C Penney Company Inc (NYSE:JCP). (NYSE:JCP) closed its last session at $3.17. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. Holding has a 52 week low of $2.35 and a 52 week high of $10.74. The stock has a market capitalization of $985.05, a price-to-earnings ratio of 11.32 and a beta of 0.53. The value of the investment in J.C. Penney Company Inc increased from $11,000 to $67,000 increasing 509.1% quarter over quarter. Previously J.C. Penney Company Inc (NYSE:JCP) reported $-0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.05 by $-0.04 with surprise factor of -80%. The return on assets stands at -1.3%, Return on Equity now is -9.6% and the Return on Investment value is 5.9%. Among active positions in the latest quarter, 126 holders increased their positions by a total of 47.02 million shares, 143 holders decreased the positions by a total of 49.35 million shares, and 54 holders held their positions. JCP's profit will be $158.98M for 1.59 P/E if the $0.51 EPS becomes a reality.
TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright legislation. Also, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction that occurred on Tuesday, August 22nd. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Vetr cut shares of J.C. Penney from a "buy" rating to a "hold" rating and set a $10.02 price objective on the stock.in a research report on Monday, August 15th. Following the purchase, the chairman now owns 2,852,280 shares in the company, valued at $9,925,934.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 310,135 shares of company stock valued at $1,111,391. Equities analysts predict that J.C. Penney will post $0.06 earnings per share for the current year. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $491,891.40. Finally, BidaskClub raised shares of J.C. Penney Company, Inc. Holding by 12.8% during the 1st quarter.
J.C. Penney Company, Inc. Holding by 3.1% during the 2nd quarter. Insiders own 1.02% of the company's stock. Cambridge Investment Research Advisors Inc. lifted its position in J.C. Penney Company, Inc.
10 number of analysts have estimated the sales of the company for the quarter ending Nov 9, 2017- Nov 13, 2017, analysts estimated mean sale target of 2616.45 million while high and low sale targets are estimated at 2664.3 million and 2506 million respectively. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock worth $141,000 after acquiring an additional 2,600 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in J.C. Penney Company, Inc.