The stock now has an average rating of "Hold" and a consensus price target of $7.65. J C Penney Company has a consensus rating of "Hold" and an average price target of $7.54.
Several other analysts have also commented on JCP. Guggenheim initiated the shares of JCP in report on Friday, September 30 with "Neutral" rating. There are now 12 recommendations in total that have been tracked in order to arrive at this number, of those, 4 have given the shares a Strong Buy while 0 are recommending a Buy, 6 have given the stock a Hold rating, 1 a Sell and 1 a Strong Sell.
Kohlberg Kravis Roberts & Company Lp decreased Penney J C Inc (JCP) stake by 29.4% reported in 2016Q4 SEC filing. (JCP) is 0.06 while the analysts predicted the EPS of the stock to be -0.21 suggesting the company fell short of the analysts' expectations. Finally, Gordon Haskett began coverage on shares of J C Penney Company in a report on Tuesday, May 9th. Morgan Stanley upgraded shares of J C Penney Company from an "underweight" rating to an "equal weight" rating and set a $7.00 price objective on the stock in a report on Monday, February 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock's current trading price is $153.98 by scoring 8.83%. J C Penney Company Inc (NYSE:JCP) has risen 6.00% since April 19, 2017 and is uptrending. The company has a 50-day moving average of $5.59 and a 200-day moving average of $7.17.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. J C Penney Company has a 12-month low of $4.17 and a 12-month high of $11.30.
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McKesson Corporation (NYSE:MCK) have shown a high EPS growth of 14.90% in the last 5 years and has earnings growth of 352.00% yoy. (JCP) will report its next earnings on May 12 BMO. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.78 billion. The company had Year Ago Sales of 2.92 Billion. Earnings per share is generally considered to be the single most important variable in determining a share's price. Northcoast Research analyst K. Szafraniec now expects that the department store operator will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.08.
WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and reposted in violation of US & global trademark and copyright law. The company's market cap is $1.39 billion. (JCP) touched the day high at $4.63 while its day Low was at $4.24. They now have an outperform rating on the department store operator's stock.
J.C. Penney is not the only retailer to turn to wholesale and the B2B sector as the retail environment continues to pose challenges. Css Limited Liability Company Il holds 55,000 shares or 0.02% of its portfolio. Lazard Asset Management LLC now owns 17,896,394 shares of the department store operator's stock worth $165,004,000 after buying an additional 517,172 shares in the last quarter. Teachers Advisors LLC now owns 14,525,136 shares of the department store operator's stock valued at $89,475,000 after buying an additional 4,557,694 shares during the last quarter. Lazard Asset Management LLC raised its stake in J C Penney Company by 3.0% in the third quarter. Hedge funds and other institutional investors own 85.70% of the company's stock.
Currently, the market capitalization of J. C. Penney Company, Inc.