JC Penney Company Inc

Xavier Trudeau
Août 9, 2017

During the same quarter in the prior year, the firm posted ($0.22) earnings per share. The stock has "Mkt Perform" rating by Raymond James on Monday, January 4.

According to Zacks, "J". Further, in an effort to lure more customers and ramp up sales, management has introduced new loyalty program. ORLANDO STEVEN J also sold $67,180 worth of Molina Healthcare, Inc. "However, the impact of challenging retail landscape, high debt level, stiff competition from online retailers, and waning store traffic concerns linger".

JCP has been the subject of several recent analyst reports. Evercore Trust Company, N.a. trimmed its stake by selling 187,482 shares a decrease of 1.3% from 03/31/2017 to 06/30/2017. Holding in a research report on Wednesday, May 17th. Highbridge Cap Management Llc holds 0% in J C Penney Company Inc (NYSE:JCP) or 23,400 shares. Holding in a research note on Thursday, August 3rd.

Shares of J.C. Penney Company, Inc. The firm earned "Sell" rating on Friday, June 16 by Credit Suisse. ValuEngine upgraded shares of J.C. Penney Company, Inc. Holding Company (JCP) opened at 5.44 on Friday. The company presently has a consensus rating of "Hold" and a consensus price target of $6.53.

J C Penney (JCP) traded up 0.72% during trading on Friday, hitting $5.56. The average volume for AK Steel Holding Corporation (NYSE:AKS) has been 18.89 million shares per day over the past 30 days. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.59%, whereas SMA50 and SMA200 are 10.05% and -18.26% respectively. For the current year the company's revenue estimates are $12.19 Billion compared to low analyst estimates of $11.72 Billion and high estimates of $12.48 Billion according to the prediction of 19 analysts. The firm's market capitalization is $1.64 billion. You can see the complete list of today's Zacks #1 Rank stocks here . Shares saw a steep increase in trading volume of 32.19% over the normal average daily volume. JCP is slated to report second-quarter fiscal 2017 results on Aug 11. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period. Holding's revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts expect that J.C. Penney Company, Inc. Holding will post $0.49 EPS for the current year. Piper Jaffray Companies set a $5.00 price objective on J.C. Penney Company, Inc.

Among 26 analysts covering J.C. Penney Company (NYSE:JCP), 6 have Buy rating, 4 Sell and 16 Hold. If you are reading this article on another site, it was illegally copied and republished in violation of United States & global trademark and copyright legislation. Zacks Investment Research upgraded J.C. Penney Company, Inc. Gordon Haskett began coverage on J.C. Penney Company, Inc. Finally, BMO Capital Markets set a $6.00 target price on shares of J.C. Penney Company, Inc. The hedge fund run by Ken Grossman held 4.07M shares of the consumer services company at the end of 2016Q4, valued at $33.81M, up from 600,000 at the end of the previous reported quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock worth $152,179,000 after buying an additional 24,491,676 shares during the last quarter. Holding during the first quarter valued at approximately $117,000. World Asset Management Inc now owns 23,122 shares of the department store operator's stock valued at $142,000 after buying an additional 153 shares during the period. BidaskClub raised shares of J.C. Penney Company, Inc. Holding by 279.7% in the first quarter.

The good news is there's still room for J. C. Penney Company, Inc. Holding by 0.7% in the first quarter. Hodges Capital Management Inc. now owns 8,414,420 shares of the department store operator's stock valued at $51,833,000 after buying an additional 2,094,485 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in J.C. Penney Company, Inc. Holdi decreased from $9,770,000 to $7,277,000 a change of $2,493,000 quarter to quarter.

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