Sunday, 19 November, 2017

Momentum Stock: JC Penney Company Inc (JCP)

Freda Brock | 14 November, 2017, 18:07

JCP has been the topic of a number of recent research reports. The value of the company's investment in J.C. Penney Company Inc decreased from $1,080,000 to $936,000 a change of $144,000 quarter to quarter. Holding from a "buy" rating to a "hold" rating in a research note on Saturday, August 12th.

J.C. Penney Company Inc (NYSE:JCP) shares traded on -6.94% below secure line and closed at $2.95. Also, Chairman Marvin R. Ellison acquired 100,000 shares of the stock in a transaction on Friday, August 18th. For the most recent period which ended on N/A, J C Penney Company Inc's EPS was reported as $N/A. J.C. Penney Company Inc (NYSE:JCP) has trailing twelve month Return on Assets of -1.3%, which is key indicator of how profitable a company is relative to its total assets. Holding from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 14th.

J.C. Penney (NYSE:JCP) traded up 1.53% during midday trading on Tuesday, reaching $9.95. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of $5.06. Moreover, Orca Investment Management Llc has 1.2% invested in the company for 276,464 shares. Holding by 3.1% in the 2nd quarter. The stock has a market capitalization of $985.05, a P/E ratio of 11.32 and a beta of 0.53. However a year ago for the same quarter the company has reported $0.64 EPS. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.95 billion. Out of the analyst recommendations 1 rate J.C. Penney Company Inc (NYSE:JCP) stock a Buy, 1 rate the stock Outperform, 18 rate Hold, 0 rate Underperform and 1 recommend a Sell. The firm's revenue was down 1.8% compared to the same quarter previous year.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. The analysts estimated mean EPS at -0.15 while the high and low EPS estimate stand at 0.11 and -0.27 respectively.

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TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law. The correct version of this piece can be read at https://weekherald.com/2017/11/12/b-riley-analysts-give-j-c-penney-company-inc-holding-company-jcp-a-4-00-price-target.html. Holding and gave the stock a "hold" rating in a research note on Friday, August 11th. The shares were bought at an average cost of $3.48 per share, with a total value of $348,000.00. Creative Planning now owns 34,051 shares of the department store operator's stock valued at $302,000 after buying an additional 2,389 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The average twelve-month price objective among brokers that have issued a report on the stock in the past year is $11.46. The disclosure for this purchase can be found here. They expect $0.51 earnings per share, down 20.31% or $0.13 from last year's $0.64 per share. Finally, Pinebridge Investments L.P. bought a new stake in J.C. Penney Company, Inc. The firm's quarterly revenue was down 1.8% on a year-over-year basis.

Having a peek at growth estimates of the company, J.C. Penney Company Inc (NYSE:JCP) has current quarter growth estimates of -23.4% however it has -350% estimations over growth for the next quarter. Holding by 13.9% in the 2nd quarter.

BMO Capital Markets lowered the price target on October 30 cutting the projection from $4.00 to $2.75 and stated a "Market Perform" rating. As of the end of the quarter Teachers Retirement System Of THE State Of Kentucky had acquired 35,100 shares growing its holdings by 39.8%. Legal & General Group Plc grew its position in J.C. Penney Company, Inc. Holding in the second quarter worth about $190,000. Tudor Investment Corp ET AL raised its position in J.C. Penney Company, Inc. Holding by 33.6% in the first quarter.

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