Thursday, 19 October, 2017

Could JC Penney Company Inc (JCP) Change Direction After Today's Significant Decline?

Could JC Penney Company Inc (JCP) Change Direction After Today's Significant Decline? Could JC Penney Company Inc (JCP) Change Direction After Today's Significant Decline?
Laurie Berry | 11 August, 2017, 15:45

FNY Managed Accounts LLC purchased a new stake in shares of J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Hbk Limited Partnership has invested 0.23% of its portfolio in J C Penney Company Inc (NYSE:JCP). Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator's stock worth $108,000 after buying an additional 2,212 shares during the last quarter. According to Nasdaq, analyst consensus for J.C. Penney Company is $ -.06 EPS. Holding by 55.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock valued at $103,000 after buying an additional 4,205 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of J.C. Penney Company, Inc. Holding by 2.2% in the first quarter.

05/15/2017 - J.C. Penney Company, Inc. Holding during the first quarter worth $117,000. Louisiana State Employees Retirement Systems invested in 0.03% or 76,200 shares. The company was upgraded on Monday, August 31 by Deutsche Bank. Holding Company (NYSE:JCP) was down -4.27% during the last trading session, with a day high of 5.38.

On average, analysts expect that J.C. Penney Company, Inc. Holding Company has a 52-week low of $4.17 and a 52-week high of $11.30. The stock is trading at $4.71 impressively lower than $4.97, the 50 day moving average and well below the 200 day moving average of $5.57. The stock's market capitalization is $1.68 billion. Holding (NYSE:JCP) last released its earnings results on Friday, May 12th. The department store operator reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.27. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. Holding Company (JCP) reported sales (ttm) of 12.44 Billion, whereas, 18 number of analysts estimated the mean sale of 2730.67 million. For the last period, the company reported quarter over quarter EPS growth of -162.70% and quarter over quarter sales growth of -3.70%.

Brokerages predict that J.C. Penney Company, Inc. During the same quarter in the prior year, the firm posted ($0.22) EPS. BMO Capital Markets set a $6.00 price target on J.C. Penney Company, Inc. Holding Company (JCP). These ratios are important while doing valuation of the company or the shares of the company. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark legislation. The legal version of this piece can be viewed at https://weekherald.com/2017/08/10/deutsche-bank-ag-boosts-j-c-penney-company-inc-holding-company-jcp-price-target-to-6-50.html. According to WSJ one month ago research, the Company remained on "Buy" beliefs from 5. ValuEngine upgraded J.C. Penney Company, Inc.

Missing Washington County woman found safe in Roseburg
Her cell phone was found in a Dairy Queen parking lot a few hours after she went missing from the conference in Portland (top). A 23-year-old Washington County woman last seen Saturday remains missing under unusual circumstances, an official said.

JCP has been the topic of several other research reports. Holding Company (NYSE:JCP) was downgraded by investment analysts at Credit Suisse Group to a "sell" rating in a research note issued on Thursday. Zacks Investment Research raised shares of J.C. Penney Company, Inc. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Holding in a research report on Monday, May 15th.

J.C. Penney (JCP) on Friday reported a second-quarter loss that was deeper than forecasts, a day after Macy's (M), Kohl's (KSS) and Dillard's (DDS) renewed broader concerns about the department-store landscape. The firm earned "Hold" rating on Thursday, April 21 by Independent Research. Holding and gave the stock a "hold" rating in a report on Monday, July 10th. Current price level places the company's stock about -36.09% from the 52-week high and 11.75% away from the 52-week low.

About J.C. Penney Company, Inc. J C Penney Company Inc (NYSE:JCP) has declined 40.00% since August 10, 2016 and is downtrending.

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