Several other brokerages have also recently weighed in on JCP. Robert W. Baird set a $11.00 price target on shares of J C Penney Company and gave the company a “buy” rating in a research report on Tuesday, January 17th. Credit Suisse Group AG cut shares of J C Penney Company from a “neutral” rating to an “underperform” rating and raised their price target for the company from $6.86 to $7.00 in a research report on Wednesday, January 18th. Zacks Investment Research cut shares of J C Penney Company from a “hold” rating to a “sell” rating in a research report on Thursday, February 2nd. Vetr cut shares of J C Penney Company from a “strong-buy” rating to a “buy” rating and set a $7.76 price target on the stock. in a research report on Wednesday, February 8th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of J C Penney Company in a research report on Friday, February 10th. They issued a “positive” rating and a $8.50 price target on the stock. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.54.
J C Penney Company Inc (NYSE:JCP) – Equities research analysts at Northcoast Research lowered their Q2 2018 EPS estimates for J C Penney Company in a report released on Monday. Northcoast Research analyst K. Szafraniec now anticipates that the department store operator will earn $0.04 per share for the quarter, down from their previous forecast of $0.08. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for J C Penney Company’s Q4 2018 earnings at $0.55 EPS.
J C Penney Company (NYSE:JCP) traded up 0.761% during mid-day trading on Tuesday, reaching $4.635. The company had a trading volume of 10,455,700 shares. J C Penney Company has a one year low of $4.17 and a one year high of $11.30. The stock has a 50 day moving average price of $5.59 and a 200 day moving average price of $7.17. The company has a market capitalization of $1.43 billion, a P/E ratio of 1545.000 and a beta of 0.69. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCP. FNY Partners Fund LP acquired a new position in J C Penney Company during the first quarter worth $188,000. FNY Managed Accounts LLC acquired a new position in J C Penney Company during the first quarter worth $117,000. First Financial Equity Corporation acquired a new position in J C Penney Company during the first quarter worth $165,000. Tudor Investment Corp ET AL raised its position in J C Penney Company by 12.8% in the first quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator’s stock worth $141,000 after buying an additional 2,600 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in J C Penney Company during the first quarter worth $2,035,000. Institutional investors and hedge funds own 85.70% of the company’s stock.
J C Penney Company Company Profile J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. 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.
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