JC Penney Company Inc (JCP) Sees Management Shakeup

Jay Anderson
July 15, 2017

(LSTR) stock confirmed the flow of -0.68% with the final price of $87.00. It also reduced Metlife Inc (NYSE:MET) stake by 2.00M shares and now owns 1.00M shares. Deutsche Bank had a markedly different take on 15/05/2017, proposing that JCP is now considered Hold versus prior Buy rating. BMO Capital Markets set a $6.00 target price on shares of J.C. Penney Company, Inc. Holding Company and gave the stock a "hold" rating in a research report on Monday. Penney J C Inc (Call) now has $1.67 billion valuation. Jefferies Group LLC reaffirmed a "hold" rating and issued a $7.00 price target on shares of J.C. Penney Company, Inc.

According to WSJ three month ago research; the Company remained on "Buy" beliefs from 8. Gordon Haskett began coverage on J.C. Penney Company, Inc. Holding Company had its "underperform" rating reiterated by analysts at Credit Suisse.

The stock price at J.C. Penney has fallen 40% during the previous year, but investors were apparently happy with the announcement by the retailer on Thursday as they drove up the stock price 8% during normal trading hours. J.C. Penney Company Inc (NYSE:JCP)'s price sits 3.73% above from its 50-day moving average of $4.7 and -27.84% away from the stock's 200-day moving average which is $5.87.

Shares of J.C. Penney Company, Inc. The firm's market capitalization is $1.46 billion. And it remains to be seen which target price JCP can achieve without sacrificing much as the company is holding a -41.34% fall for the past twelve months. SELL rating has been given by 1 analyst (s) and 0 analyst (s) given BUY rating to the stock.

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J C Penney Company Inc (NYSE:JCP) stock price level can be now recognized as a major resistance and therefore the stock is an overall downtrend, as a stock's price remains below the 200 SMA on the daily time frame. The department store operator reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.21) by $0.27. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.78 billion. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $15 high while the Average Price Target and Low price Target is $6.43 and $4 respectively. Holding Company will post $0.49 EPS for the current year.

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A number of equities research analysts recently issued reports on the stock. Peak6 Investments Lp acquired 84,300 shares as Penney J C Inc (Call) (JCP)'s stock declined 35.14%.

The company's quick ratio for most recent quarter is 0.3 along with current ratio for most recent quarter of 1.6. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock worth $103,000 after buying an additional 4,205 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in J.C. Penney Company, Inc. Value ranks companies using four ratios. Parametrica Management Ltd purchased a new position in shares of J.C. Penney Company, Inc. ValuEngine downgraded J.C. Penney Company, Inc. UBS Oconnor LLC raised its position in J.C. Penney Company, Inc. Holding Company by 14.5% in the first quarter. It tells an investor how quickly a company is increasing its revenues. Currently, J.C. Penny has already added toys in 100 stores, and plans to expand its classification for back-to-school shopping.

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