JC Penney Company, Inc. Holding Company (NYSE:JCP) Valuation According To Analysts
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 3:17
ISIL right now sits at consensus rating of 2.90 while 0 analysts have advocated the shares as "BUY", 1 calls it an "OUTPERFORM" and 8 suggest "HOLD". Finally, Vanguard Group Inc. increased its stake in J C Penney Company by 5.5% in the second quarter. If you are accessing this article on another publication, it was illegally stolen and republished in violation of USA and global copyright & trademark laws. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.
A number of other brokerages have also issued reports on JCP. Zacks Investment Research raised J C Penney Company from a "sell" rating to a "hold" rating in a report on Wednesday. The 1-year price target of the company is 9.91. Holding Company in a research note on Friday. The Closing price of J. C. Penney Company, Inc. They noted that the move was a valuation call. Finally, Susquehanna Bancshares Inc began coverage on J C Penney Company in a report on Friday, February 10th. Holding Company presently has a consensus rating of "Hold" and a consensus target price of $9.91.
U.S. President Donald Trump shakes hands with Marvin Ellison, Chairman and Chief Executive Officer of J.C. Penny Co. during a listening session with the Retail Industry Leaders Association and member company chief executive officers in the Roosevelt Room of the White House on February 15, 2017 in Washington, D.C. Questions about ties between Trump's team and Russian intelligence agents mounted Wednesday after news of extensive contacts between the two were reported.
Analysts estimated $-0.21/share for the previous Quarter, where J. C. Penney Company, Inc. Based on an average trading volume of 20,119,266 shares, the short-interest ratio is now 3.5 days. The stock has an operating margin of 1.20% and a net profit margin of -2.10% This appreciation has taken its price 11.02% above the 52-week low. The firm's stock has a market capitalization of $2.18 bln. The company has a 50-day moving average price of $7.02 and a 200-day moving average price of $8.77. The number of shares now owned by investors are 308.29 mln. (JCPenney), incorporated on January 22, 2002, is a holding company. The share price is now 3.62 percent versus its SMA20, -3.07 percent versus its SMA50, and -7.69 percent versus its SMA200. Chartwell Investment Partners LLC increased its stake in J C Penney Company by 48.6% in the second quarter. They were forecasting US$0.64 per share three months ago. Friess Associates LLC bought a new stake in J C Penney Company during the fourth quarter valued at $12,128,000. Holding Company was downgraded to "underperform" by analysts at Credit Suisse. Holding Company giving the company a "positive" rating. L.P. now owns 5,989,327 shares of the department store operator's stock worth $53,185,000 after buying an additional 1,000,000 shares during the last quarter. Also keep in mind that short interest represents +30% of J.C. Penney's outstanding float.
This report was first posted by BBNS and is the sole property of of BBNS. Revenue is expected in between 4.1 Billion and 3.94 Billion with an average of 3.98 Billion.
J. C. Penney Company, Inc. (JCP). 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.