Published: Tue, June 20, 2017
Markets | By Noel Gibbs

Earnings Analysis Of JC Penney Company, Inc. (JCP)

Earnings Analysis Of JC Penney Company, Inc. (JCP)

The Stock now has a Weekly Volatility of 5.98% and Monthly Volatility of 4.93%.

Market Capitalization can be thought of as the overall price to buy the company.

Taking a broader look at the analyst consensus, according to 20 analysts J.C. Penney Company Inc (NYSE:JCP)'s price will reach at $6.66 during 52 weeks. Holding Company in a research note on Friday. Holding Company from a "buy" rating to a "strong-buy" rating and set a $7.57 price target for the company in a research report on Monday, February 27th. TheStreet lowered shares of J.C. Penney Company, Inc.

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The target price for J. C. Penney Company, Inc. Holding Company from a strong-buy rating to a buy rating and set a $7.76 price target for the company.in a report on Wednesday, February 8th.

J.C. Penney Company Inc (NYSE:JCP) as of recent trade, has shown weekly downbeat performance of -0.41% which was maintained at 7.8% in 1-month period. Holding Company from a "buy" rating to a "neutral" rating and set a $5.00 target price for the company.in a research note on Monday, May 15th. The company now has a consensus rating of "Hold" and an average target price of $7.10.

Shares of J.C. Penney Company, Inc. Holding Company (NYSE JCP) opened at 5.02 on Monday. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 6.01% where SMA50 and SMA200 are -3.2% and -31.83% respectively. The company has market cap of $1.07 billion. Stock's twelve month price oscillated between $11.30 and $4.17.

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Wall Street analysts are predicting that J.C. Penney Company Inc (NYSE:JCP) will report earnings per share of $-0.06 in their quarterly report. Previously J.C. Penney Company Inc (NYSE:JCP) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.21 by $0.27 with surprise factor of 128.6%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.78 billion. Holding Company had a negative net margin of 0.89% and a positive return on equity of 11.44%. During the same period a year ago, the firm earned ($0.22) earnings per share. During the same period in the previous year, the company posted ($0.22) EPS. J. C. Penney Company, Inc. was covered by a number of analysts recently, 3 rated the stock as Buy, 4 rated Outperform, 15 rated Hold, 1 gave an Underperform and 1 rated sell. For the current quarter J.C. Penney Company Inc (NYSE:JCP) has high EPS estimates of $0.06 in contradiction of low EPS estimates of $-0.14. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. "Holding Company (JCP) Position Increased by First Trust Advisors LP" was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of USA & global copyright & trademark law. The correct version of this article can be read at https://sportsperspectives.com/2017/06/20/j-c-penney-company-inc-jcp-downgraded-to-hold-at-valuengine-updated-updated.html.

Other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) by 63.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Capstone Asset Management Co. now owns 35,644 shares of the department store operator's stock worth $220,000 after buying an additional 320 shares during the last quarter. Norges Bank purchased a new stake in J.C. Penney Company, Inc. Holding Company during the fourth quarter worth $42,214,000. Finally, Blenheim Capital Management BV acquired a new position in J.C. Penney Company, Inc. Holding Company during the third quarter worth approximately $102,000. Meadow Creek Investment Management LLC raised its position in shares of J.C. Penney Company, Inc. Finally, State Treasurer State of MI boosted its stake in J C Penney Company by 0.9% in the first quarter. United Capital Financial Advisers LLC now owns 383,932 shares of the department store operator's stock valued at $3,190,000 after buying an additional 298,605 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of J.C. Penney Company, Inc. Holding Company during the fourth quarter worth $12,324,000.

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