Economy

" "B. Riley Reiterates "$4.00" Price Target for JC Penney (JCP)

(NYSE:JCP) established that the company was able to keep return on investment at -2.79 in the trailing twelve month while Reuters data showed that industry's average stands at 14.82 and sector's optimum level is -64.53. The stock has "Neutral" rating by Atlantic Securities on Friday, October 27.

CareDx, Inc (CDNA) has so far tried and showed success to beat the consensus-estimated -$0.17, with their earning staying at -$0.15 per share. Brown Brothers Harriman & Company holds 1,705 shares. The stock of J. C. Penney Company, Inc. Holding Company by 40.8% in the second quarter. Ing Groep Nv reported 0.02% of its portfolio in J. C. Penney Company, Inc. Accern also gave headlines about the department store operator an impact score of 46.1805961260076 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. The stock of J. C. Penney Company, Inc. Finally, California Public Employees Retirement System grew its position in shares of J C Penney by 3.3% during the second quarter. Institutional investors and hedge funds own 72.73% of the company's stock.

Shares of J.C. Penney Company, Inc. The stock decreased 2.17% or $0.08 during the last trading session, reaching $3.61. As of today, the company has a SMA200 (200-day simple moving average) of -13.63 Percent. J. C. Penney Catalog, including e-commerce, is the nation's largest catalog merchant of general merchandise. At the moment, the stock is trading for about -12.28% less than its 52-week high.

Saba Capital Management Lp, which manages about $7.93 billion and $986.86M US Long portfolio, upped its stake in Delaware Enhanced Gbl Div & (NYSE:DEX) by 532,393 shares to 1.58 million shares, valued at $18.74 million in 2017Q3, according to the filing. (NYSE:JCP) and Macy's, Inc.

Analysts believe that the company has the potential to earn average revenue of $4.03 Billion for the current quarter.

Philip Rosenstrach decreased its stake in Penney J C Inc (JCP) by 41.15% based on its latest 2017Q3 regulatory filing with the SEC. After $0.43 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 9.30% EPS growth. (NYSE:JCP). State Board Of Administration Of Florida Retirement System invested 0% in J. C. Penney Company, Inc. Taking short look on returns of the firm, net profit margin recorded as 34.50% while operating profit margin was 0.90%, whereas price to sale ratio stands at 0.10 and it indicates how much investor paid for a share compared to the sales a company generated per share.

More news: Apple pays HMRC an extra £137 million after 'extensive' audit

A number of brokerages have weighed in on JCP. Holding Company in a research note on Saturday, October 8th. Trading volume for J. C. Penney Company, Inc. was 17.7 Million in its previous trading session. On Monday, August 17 the stock rating was upgraded by Vetr to "Hold". Nationwide Fund Advisors holds 0% in J. C. Penney Company, Inc. As per Friday, February 12, the company rating was maintained by Cowen & Co. Robert W. Baird set a $4.00 price target on shares of J C Penney and gave the company a "hold" rating in a research report on Thursday, January 4th. The rating was maintained by Telsey Advisory Group with "Outperform" on Monday, May 15.

Citigroup "Maintained" J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 10/31/17 to Sell with price target of $3. Holding Company in a research report on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a strong buy rating to the company. J C Penney now has an average rating of "Hold" and an average target price of $4.73.

In other news, EVP John Joseph Tighe III sold 38,756 shares of the firm's stock in a transaction dated Friday, November 18th. Insider activity and sentiment signals are important to monitor because they can shed light on how "risky" a stock is perceived to be at it's current valuation.

More notable recent J. C. Penney Company, Inc.

J. C. Penney Company, Inc is a holding company. For the current year the company's revenue estimates are $12.5 Billion compared to low analyst estimates of $12.26 Billion and high estimates of $12.63 Billion according to the prediction of 19 analysts.


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