JC Penney Company Inc (JCP) Given Neutral Rating at Citigroup Inc

J C Penney Company Inc (NYSE:JCP) Dives -1.74% Pre-session
Trader's Buzzers - J C Penney Company Inc (NYSE:JCP), Weibo Corp (ADR) (NASDAQ:WB)
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19 May, 2017

The high-yield issue of debt has a 7.4% coupon and will mature on April 1, 2037. For the last month, company shares are -18.36%.

JCP has been the topic of several recent analyst reports.

The market experts are predicting a 211.26% rally, based on the high target price ($47) for Atara Biotherapeutics, Inc. shares that is likely to be hit in the 52 weeks. Susquehanna Bancshares Inc initiated coverage on shares of J C Penney Company in a research report on Friday, February 10th. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold.

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of -15.12%, where Monthly Performance is -19.39%, Quarterly performance is -36.13%, 6 Months performance is -50.77% and yearly performance percentage is -38.49%. They noted that the move was a valuation call. Baird set a $11.00 price target on J C Penney Company and gave the stock a "buy" rating in a research report on Tuesday, January 17th.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 2.5. In current trading day Carnival Corporation (CCL) stock confirmed the flow of 2.16% with the final price of $61.04.

Shares of J C Penney Company (NYSE:JCP) opened at 4.49 on Monday. The stock exchanged hands with 13,701,340 shares higher as compared to its average daily volume of 1.59M shares. The firm has a market cap of $1.42 billion, a P/E ratio of 1533.33 and a beta of 0.69. Its book value per share for the most recent quarter is $4.38 while its price to book ratio for the same period is 1.03, as for as the company's cash per share for the most recent quarter is $2.47, however its price to cash per share ratio for the same period is 1.82. The company has a 50 day moving average price of $5.66 and a 200 day moving average price of $7.24.

J C Penney Company (NYSE:JCP) last issued its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.27. Holding Company (JCP) reported sales (ttm) of 12.55 Billion, whereas, 20 number of analysts estimated the mean sale of 2830.2 million. The Return on Equity (ROE) and Return on Investment values are 0.1 percent and 5.9 percent respectively. Moreover, the stock is down -19.16% in one month through last close, to $4.60, showing a -36.73% return during the past three months.

Analysts expect Greenfields Petroleum Corp (CVE:GNF) to report $0.00 EPS on May, 26.

Hedge funds have recently made changes to their positions in the stock. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/05/19/q2-2018-eps-estimates-for-j-c-penney-company-inc-jcp-reduced-by-b-riley.html. Lazard Asset Management LLC now owns 17,896,394 shares of the department store operator's stock valued at $165,004,000 after buying an additional 517,172 shares during the last quarter. Truepoint Inc. acquired a new stake in shares of J C Penney Company during the third quarter worth $184,000. State Treasurer State Of Michigan holds 0.01% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 124,140 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,153 shares of the department store operator's stock valued at $287,000 after buying an additional 1,211 shares during the period. Commonwealth Bank of Australia now owns 79,400 shares of the department store operator's stock valued at $733,000 after buying an additional 30,800 shares during the period. BMO Capital Markets' price objective suggests a potential upside of 33.63% from the stock's previous close. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and global copyright and trademark law.


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