JC Penney Company Inc (NYSE:JCP) Share Price Target Reduced To $7.50

Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.61 for the JCP while maintaining high price target of 15 and average of 9.65, as declared by WSJ. The company earned $4 billion during the quarter, compared to analyst estimates of $3.98 billion.

The corporation has return on equity of -21.40% and while returns on assets were calculated -2.80% with -17.45% year to date performance.

For the next year first quarter, analysts predicted EPS estimates trend of $-0.20 which would leave an impact on the stock performance in coming months.

The company reported its EPS on 11/11/2016.

The analysts offering 12 month price targets for J. C. Penney Company, Inc. have a median target of $9.5, with a high estimate of $15 and a low estimate of $6. Consensus estimates call for a first-quarter net loss of $0.19 and revenues of $2.85 billion.

The stock dropped 6.71 percent at time of writing this. The stock's 50 day moving average price is $6.94 and its 200-day moving average price is $8.74.

A number of other equities analysts have also recently issued reports on the stock.

Brokerage firm Morgan Stanley Upgrades its rating on J C Penney Company Inc (JCP). 46,598,306 shares of the company's stock traded hands. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $10.00 price target on shares of J C Penney Company in a report on Thursday, October 20th. However, the brokerage maintained its Hold rating on the stock.

Several institutional investors have recently modified their holdings of JCP. Quantbot Technologies LP raised its position in J C Penney Company by 5,749.8% in the second quarter. Analyst's mean target price for INCY is $131.93 while analysts mean recommendation is 1.70. Full-year profit views are for J. C. Penney Company, Inc.to earn $0.03 in current year and grow profits by almost -102.91% over last year's earnings of -$1.03. Hennessy Advisors Inc. now owns 4,109,700 shares of the department store operator's stock worth $36,494,000 after buying an additional 117,900 shares during the period. Chartwell Investment Partners LLC raised its position in J C Penney Company by 48.6% in the second quarter. Prudential Financial Inc. now owns 184,822 shares of the department store operator's stock valued at $1,641,000 after buying an additional 2,800 shares during the period. Institutional investors own 85.70% of the company's stock.

The decline by J.C. Penney after the company reported better than expected fourth quarter earnings but on revenues that came in just below estimates. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. For the next 5 years, J. C. Penney Company, Inc.is expecting Growth of -28% per annum, whereas in the past 5 years the growth was 9.37% per annum.

J.C. Penney plans to close two distribution centers and 130 to 140 stores to mitigate the effect of falling foot traffic.

  • Zachary Reyes