Analysts Set JC Penney Company Inc (JCP) Price Target at $6.75

Lloyd Doyle
October 16, 2017

The total value of its holdings decreased 15.1%. Holding Company shares traded was 10525439.

These firms have modified their investment in JCP.

J. C. Penney Company, Inc is a holding company. Holding Company had its "hold" rating reiterated by analysts at Deutsche Bank.

Davenport & Co LLC reports that it increased its position in J.C. Penney Company, Inc. Holding in a report on Tuesday, July 4th. Earnings surprises can have a huge impact on a company's stock price. Holding presently has a consensus rating of "Hold" and a consensus target price of $5.80. On average, analysts expect that J.C. Penney Company, Inc. Holding from a "hold" rating to a "strong-buy" rating and set a $6.25 price objective for the company in a report on Thursday, August 10th.


Analyst's mean target price for WY is $36 while analysts mean suggestion is 2.2. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. The shares price go down so far this year; showing a decline of -58.97% and dropped with negative flow of -8.09% during recent week. The shares were acquired at an average price of $3.48 per share, with a total value of $348,000.00. The number of shares now owned by investors are 737.49 mln. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. The disclosure for this purchase can be found here. During last 3 month period, -0.01% of total institutional ownership has changed in the company shares.

A number of other institutional investors have also added to or reduced their stakes in JCP. SG Americas Securities LLC now owns 2,353,748 shares of the department store operator's stock valued at $10,945,000 after purchasing an additional 1,963,079 shares in the last quarter. Rhumbline Advisers increased its holdings in J.C. Penney Company, Inc. Holding by 502.5% during the 2nd quarter. The stock dipped -33.14% over the past three month period and now declining -40.07% movement in past six month.

While having a peek at profitability ratios J.C. Penney Company Inc (NYSE:JCP) has trailing twelve month gross margin at 35.2%, its trailing twelve month operating margin stands at 1.7% whereas its trailing twelve month net profit margin spots at -0.9%. Holding by 45.7% during the 1st quarter. Finally, Gordon Haskett upgraded shares of J.C. Penney Company, Inc. The department store operator reported ($0.09) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.06) by ($0.03). 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 during the last quarter. Finally, Saba Capital Management L.P. purchased a new position in J.C. Penney Company, Inc. Holding by 0.7% in the 1st quarter. Hodges Capital Management Inc. now owns 8,414,420 shares of the department store operator's stock valued at $51,833,000 after buying an additional 2,094,485 shares during the last quarter. The company's Market capitalization is $26.04B with the total Outstanding Shares of 746.25M. (JCP) maintained activity of 16.74 million shares that trade hands on average basis while its relative volume is 0.62. The company had a trading volume of 10,525,439 shares. The Company's shares were trading -68.25% below from the 52-week high price mark of $10.74 and 3.02% above from the 52-week price bottom of $3.02%. The 50 day moving average was down by -11.76% and the 200 day average was down $-1.31. The firm's market cap is $1.06 billion. (NYSE:JCP) has seen its SMA20 which is now -9.96%.

Having a peek at growth estimates of the company, J.C. Penney Company Inc (NYSE:JCP) has current quarter growth estimates of 19% however it has -4.7% estimations over growth for the next quarter.

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