Analysts Reveals Updates on JC Penney Company Inc (JCP)
Analysts Reveals Updates on JC Penney Company Inc (JCP)
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20 Junio, 2017, 12:14
The stock notched a 12-month high of $6.35 while $15.00 target is by far the most aggressive out of analysts who are now evaluating the company, $8.65 higher than the next highest 52-week price estimate.
JCP has been the topic of a number of recent research reports. Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $15 high while the Average Price Target and Low price Target is $6.35 and $4 respectively. Holding Company and gave the stock a "hold" rating in a research note on Saturday, February 25th. Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of J.C. Penney Company, Inc. Holding Company in a report on Wednesday, February 22nd.
J. C. Penney Company, Inc is a holding company. Holding Company during the fourth quarter worth $12,324,000. About shares traded. J C Penney Company Inc (NYSE:JCP) has declined 40.00% since June 19, 2016 and is downtrending. Holding Company from a "sell" rating to a "hold" rating in a research report on Wednesday, February 22nd. Finally, Piper Jaffray Companies restated a "hold" rating and issued a $7.00 price target on shares of J.C. Penney Company, Inc. Vanguard Grp reported 22.59M shares or 0.01% of all its holdings. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Citigroup upgraded J C Penney Company Inc (NYSE:JCP) on Tuesday, January 5 to "Neutral" rating.
Shares of J.C. Penney Company, Inc. Holding Company (JCP) traded down 3.19% during mid-day trading on Friday, hitting $4.86. Marathon Trading Invest Mgmt Ltd Liability Com accumulated 22,782 shares or 0.02% of the stock. The Market Capitalization of the company stands at 1.55 Billion. The Kohlberg Kravis Roberts & Company Lp holds 3.52 million shares with $29.27M value, down from 4.99M last quarter. The firm has a 50 day moving average of $4.94 and a 200 day moving average of $6.55. Holding Company also was the target of some unusual options trading activity on Friday. Stock investors bought 24,621 call options on the company. The stock of J C Penney Company Inc (NYSE:JCP) has "Buy" rating given on Friday, December 2 by Bank of America. The department store operator reported $0.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.27, RTT News reports.
18 analysts on average are expecting the company to report revenue of $2.83 Billion for the current quarter. Holding Company had a negative net margin of 0.89% and a positive return on equity of 11.44%. However the company reported $-0.05 earnings per share for the same quarter during a year ago. During the same quarter in the previous year, the firm earned ($0.22) EPS. Analysts have placed a $6.66 price target on J. C. Penney Company, Inc., suggesting a 32.67% gain from recent close. During the same period in the prior year, the business posted ($0.22) EPS. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright & trademark law.
Other institutional investors have also bought and sold shares of the company. Elkfork Partners LLC purchased a new position in shares of J.C. Penney Company, Inc. Holding Company during the fourth quarter worth approximately $100,000. Hudson Bay Capital Management LP purchased a new stake in shares of J.C. Penney Company, Inc.
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An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The institutional investor owned 537,171 shares of the department store operator's stock after selling 417,611 shares during the period. Finally, World Asset Management Inc increased its position in J.C. Penney Company, Inc. Future earnings predictions are perhaps the most essential input when trying to value a company. Nationwide Fund Advisors owned about 0.17% of J.C. Penney Company, Inc. Vetr upgraded J.C. Penney Company, Inc. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.
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