(JCP) Given Average Recommendation of "Hold" by Analysts


Telsey Advisory Group lifted their price objective on shares of J.C. Penney from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. Holding in a research report on Wednesday, August 16th. Finally, Cowen and Company reiterated a "market perform" rating and set a $10.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. UBS maintained the shares of TGT in report on Thursday, November 19 with "Neutral" rating. As per Friday, October 27, the company rating was downgraded by Atlantic Securities. Fiera Cap has invested 0% in J C Penney Company Inc (NYSE:JCP). The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by Stifel Nicolaus on Wednesday, August 9. Out of 16 total analysts who were surveyed, 1 rated it a Strong Sell, 14 rated it hold, and 1 rated it a Strong Buy. Holding presently has a consensus rating of Hold and an average target price of $5.03. Holding (NYSE JCP) opened at $2.95 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. Holding has a 1-year low of $2.35 and a 1-year high of $10.74. The company has a market capitalization of $985.05, a PE ratio of 11.32 and a beta of 0.53. The department store operator reported ($0.33) EPS for the quarter, beating analysts' consensus estimates of ($0.43) by $0.10. They expect $0.51 EPS, down 20.31% or $0.13 from last year's $0.64 per share. The company's revenue for the quarter was down 1.8% compared to the same quarter a year ago. sell-side analysts predict that J.C. Penney Company, Inc. For the current quarter J.C. Penney Company Inc (NYSE:JCP) has high EPS estimates of $-0.4 in contradiction of low EPS estimates of $-0.46.

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & global copyright laws. The correct version of this report can be viewed at https://stocknewstimes.com/2017/11/14/j-c-penney-company-inc-holding-company-jcp-pt-raised-to-4-00.html. Also, Director Javier G. Teruel acquired 135,135 shares of the stock in a transaction that occurred on Tuesday, August 22nd.

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Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Following the completion of the transaction, the chief financial officer now owns 72,645 shares in the company, valued at $262,974.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hodges Capital Management Inc. holds 2.21% of its portfolio in J C Penney Company Inc for 8.01 million shares. Considering that the stock daily volume of 54.32 million shares, this represents a pretty noteworthy trading in volume size. This works out to a net decrease in ownership of 2.33 million shares, and suggests that institutions are feeling bearish about the stock. The disclosure for this purchase can be found here.

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Hedge funds have recently made changes to their positions in the business. The shares price has positioned -15.92% down over the past quarter while it has directed -26.96% toward a falling position throughout past six months. Finally, BidaskClub raised shares of J.C. Penney Company, Inc. Holding by 5.6% during the 1st quarter. Shikiar Asset Management Inc. now owns 52,700 shares of the department store operator's stock valued at $468,000 after buying an additional 2,200 shares during the period. Creative Planning increased its position in J.C. Penney by 7.5% in the second quarter. Holding by 502.5% during the 2nd quarter. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter.

10 number of analysts have estimated the sales of the company for the quarter ending Nov 9, 2017- Nov 13, 2017, analysts estimated mean sale target of 2616.45 million while high and low sale targets are estimated at 2664.3 million and 2506 million respectively. The stock of J C Penney Company Inc (NYSE:JCP) has "Equal-Weight" rating given on Monday, February 13 by Morgan Stanley. Holding during the 2nd quarter worth about $190,000. J C Penney Company Inc (NYSE:JCP) has declined 40.00% since November 11, 2016 and is downtrending.

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