JC Penney closing more than 100 stores
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 18:56
The analysts offering Earnings Estimates for the company were believing that J. C. Penney Company, Inc. If you are reading this report on another publication, it was stolen and reposted in violation of United States & worldwide trademark & copyright legislation.
Ahead of earnings, options players are pricing in a post-earnings, single-day swing of 12.6% - much bigger than the average post-earnings move of 7.9% after its last eight earnings reports. The 1-year price target of the company is 9.91. Holding Company in a research note on Friday. (NYSE:JCP) stock is presently standing at about $7.06 and lots of equity research firms seem to have a target price set on the stock.
That marks the lowest level for JC Penney's stock since January 2016, when it bottomed at $6.00. They noted that the move was a valuation call.
"Our J.C. Penney does very well", she said.
According to Yahoo Finance, the price target for the company which analysts are aiming is 15. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell. The shells of the stores that get left behind often sit vacant for years and basically have an invisible sign that says "This company just died here, stay away!" (NYSE:JCP)went down -0.14% during trading on the usa exchange where it had a trading capacity of 11.37M shares.
Following the news, JC Penney's stock popped in pre-market trading before falling into the red. J C Penney Company has a one year low of $6.35 and a one year high of $11.99.
The stock's 50 day moving average is 6.98 and its 200 day moving average is 8.76. Susquehanna analysts disclosed their opinion on J. C. Penney Company, Inc. The Relative Volume value measured for J. C. Penney Company, Inc.
A company spokesperson has emailed KVOE News saying an announcement on specific store shutdowns will be issued by mid-March, so at this time there is no official word on the future of Emporia's retail store at Flinthills Mall or any other stores in the JC Penney chain across the country. L.P. increased its stake in J C Penney Company by 20.0% in the second quarter. Kohlberg Kravis Roberts & Co. Evercore Trust Company N.A. now owns 13,578,284 shares of the department store operator's stock valued at $120,575,000 after buying an additional 452,969 shares during the last quarter.
Several institutional investors have recently made changes to their positions in the stock.
Morgan Stanley Upgrade its coverage for J. C. Penney Company, Inc.
Problems continue to mount for troubled retailer J.C. Penney. The Company's business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.