Пятница, 19 Июля, 2019

Revenue Forecast of J. C. Penney Company, Inc. (JCP)

Eleena Tovar | 18 Мая, 2017, 16:05

An issue of J C Penney Company Inc (NYSE:JCP) debt fell 2% as a percentage of its face value during trading on Tuesday. The stock traded as high as $4.63 and last traded at $4.60, with a volume of 31,233,920 shares. Stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 15 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating.

Several other equities analysts have also issued reports on JCP. Company shares have been seen trading -58.32% off of the 52 week high and 12.95% away from the 52 week low.

TRADEMARK VIOLATION NOTICE: "Stock Traders Purchase Large Volume of Put Options on J C Penney Company (JCP)" was reported by BBNS and is the property of of BBNS. They issued a "positive" rating and a $8.50 price target for the company. Analysts covering the shares have a consensus short-term price target of $8.57 on the equity. They noted that the move was a valuation call. Deutsche Bank AG downgraded J C Penney Company from a buy rating to a hold rating and cut their price objective for the company from $9.00 to $5.50 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of "Hold" and an average target price of $7.65. For the last month, company shares are -18.36%. Elkfork Partners LLC acquired a new position in J C Penney Company during the fourth quarter valued at approximately $100,000. Princeton Alpha Management LP purchased a new stake in shares of J C Penney Company during the third quarter worth $102,000. BlackRock Advisors LLC increased its stake in shares of J C Penney Company by 1.9% in the third quarter. BlackRock Advisors LLC now owns 174,006 shares of the department store operator's stock worth $1,604,000 after buying an additional 3,210 shares during the last quarter. Ameriprise Financial Inc. increased its stake in J C Penney Company by 1.5% in the third quarter. Finally, California State Teachers Retirement System increased its stake in J C Penney Company by 0.9% in the third quarter. World Asset Management Inc now owns 23,122 shares of the department store operator's stock valued at $142,000 after buying an additional 153 shares during the period.

The stock has a market capitalization of $1.44 billion, a P/E ratio of 1556.67 and a beta of 0.69. Company's distance from 20 day simple moving average is -14.90% and distance from 50-Day simple moving average is -19.57%.

Shares of J C Penney Company (NYSE:JCP) traded up 1.52% during trading on Tuesday, hitting $4.67. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.71 earnings per share. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.78 billion. J C Penney Company had a negative return on equity of 4.66% and a negative net margin of 2.56%. The firm's revenue for the quarter was down 3.7% compared to the same quarter past year. During the same quarter past year, the company posted ($0.22) EPS. Oppenheimer Holdings Inc. reissued a hold rating on shares of J C Penney Company in a report on Saturday. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright law. If you are reading this news story on another domain, it was illegally stolen and republished in violation of USA & worldwide copyright legislation.

J. C. Penney Company, Inc is a holding company.