What Are Analysts Report About JC Penney Company, Inc. (JCP)

What Are Analysts Report About JC Penney Company, Inc. (JCP)

Several other research firms also recently issued reports on JCP. Cowen and Company set a $6.00 price objective on J.C. Penney Company, Inc. Holding and gave the stock a "hold" rating in a report on Friday, August 11th.

Penney's loss of $128 million, or 41 cents a share, compared with a loss of $67 million or 22 cents a share a year ago. Holding from a "positive" rating to a "neutral" rating in a research note on Monday, October 30th.

J.C. Penney Company Inc (NYSE:JCP)'s trailing twelve month revenues are $12.49 Billion, whereas its price to sales ratio for the same period is 0.07. Holding in a research note on Thursday, September 14th. Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively. Holding from a "sell" rating to a "hold" rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

Shares of J.C. Penney Company, Inc. (NYSE:JCP) traded up 0.59% during trading on Tuesday, reaching $8.51. 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 (NYSE:JCP) last posted its quarterly earnings data on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.43) by $0.10. For example, we can find out a public company's profit margin, which lets us know how much of a company's net sales revenue was retained as earnings - which we calculate by dividing net income by total sales revenue. The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -80%. Net sales fell 1.7 percent to $2.81 billion in the fiscal third quarter, beating analysts' estimates of $2.77 billion.

TRADEMARK VIOLATION WARNING: This piece was posted by Week Herald and is the sole property of of Week Herald. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark law. The original version of this article can be viewed at https://stocknewstimes.com/2017/11/11/j-c-penney-company-inc-holding-company-jcp-given-a-4-00-price-target-at-cowen-and-company.html. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Geode Capital Management LLC increased its position in shares of J.C. Penney Company, Inc. Holding stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $3.48 per share, for a total transaction of $348,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 310,135 shares of company stock valued at $1,111,391. Analysts expected a 43 cent loss. IBM Retirement Fund raised its position in shares of J.C. Penney by 1.5% in the second quarter. Holding by 33.6% during the 1st quarter. Bank of New York Mellon Corp's holdings in J.C. Penney were worth $31,781,000 at the end of the most recent reporting period. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold.

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