Earnings Analysis Of JC Penney Company, Inc. (JCP)
- Author: Zachary Reyes Jun 16, 2017,
Jun 16, 2017, 1:40
The institutional investor owned 3,977,426 shares of the department store operator's stock after selling 406,369 shares during the period. Appaloosa LP purchased a new stake in J.C. Penney Company, Inc.
Other hedge funds have also recently added to or reduced their stakes in the company. The stock has been active on the tape, now trading at $4.92, up from yesterday's close by 3.14%. Holding Company during the fourth quarter valued at approximately $42,214,000.
While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 2.71%, where Monthly Performance is 13.36%, Quarterly performance is -18.81%, 6 Months performance is -49.8% and yearly performance percentage is -38.65%.
The consensus recommendation, according to Zacks Investment research, is 2.6. The lower the Q.i. value, the more undervalued the company is thought to be. Holding Company during the fourth quarter worth approximately $12,128,000. The average volume of a stock suggests the liquidity of a particular company.
J.C. Penney Company, Inc. The company rocked its 52-Week High of $11.3 and touched its 52-Week Low of $4.17. The company had a trading volume of 19,735,113 shares. (JCP)'s distance from 200 day simple moving average is -33.64 percent, its distance from 50 day simple moving average is -5.81 percent, while its distance from 20 day simple moving average is 4.44 percent. Holding Company had its "market perform" rating reiterated by analysts at BMO Capital Markets. The company's market capitalization is $1.51 billion. Macy's, Inc. (NYSE:M) earnings have declined with a quarterly rate of -0.5% over the last 5 years. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator's stock valued at $103,000 after buying an additional 4,205 shares in the last quarter. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the firm posted ($0.22) EPS. Looking at the stock's movement on the chart, J. C. Penney Company, Inc. recorded a 52-week high of $11.30. However the company reported $-0.05 earnings per share for the same quarter during previous year. The original version of this news story can be read at https://baseballnewssource.com/markets/j-c-penney-company-inc-jcp-downgraded-to-hold-at-deutsche-bank-ag-updated-updated-updated/767073.html. If you are reading this news story on another website, it was stolen and reposted in violation of global trademark & copyright laws. (JCP) shares saw a recent bid of $4.92 and 19.73M shares have exchanged hands in the recent trading session, yielding a 2.71% gain over the past week. That's a potential 29.07 increase relative to where JCP has been trading recently. Finally, Morgan Stanley upgraded shares of J.C. Penney Company, Inc. Holding Company in a research report on Friday, February 24th. (JCP) has been given an average price target of $6.66 from analysts, according to data collected by Finviz. Holding Company and gave the stock a "hold" rating in a research report on Saturday, March 11th. Holding Company in a research note on Wednesday, February 22nd. Finally, Buckingham Research lowered J.C. Penney Company, Inc.
Basically, a price target is an individual analyst's projection on the future price of a stock.
Some buy side analysts are also providing their Analysis on J. C. Penney Company, Inc., where 3 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 15 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell. Holding Company in a research report on Saturday, May 13th.
About J.C. Penney Company, Inc. Holding Company was downgraded to "neutral" by analysts at B. Riley. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.