As the earnings date approaches, we can see that insider ownership is now 1.90% shares, and institutional ownership is at 73.50% for J. C. Penney Company, Inc. 28,422,477 shares of the company traded hands, compared to its average volume of 19,062,703. Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively. Its minimum price target estimates has been figured out at $18 while the maximum price target forecast is established at $43.
Not all of J. C. Penney's earnings picture was positive. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/11/10/northcoast-research-downgrades-j-c-penney-company-inc-holding-company-jcp-to-neutral.html.
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J. C. Penney Company, Inc.is a holding company. The stock has a beta value of 0.48.
Penney, similar to many other retailers, heavily discounted apparel in the third quarter to clear room for holiday merchandise. This number lands on a scale from 1 to 5.
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Same-store sales were up 1.7%, exceeding the company's previously announced guidance of 0.6% to 0.8% comparable store growth. It also posted a smaller-than-expected loss for the third quarter, all news that sent its shares soaring. The department store operator reported ($0.21) EPS for the quarter, hitting analysts' consensus estimates of ($0.21).
J.C. Penney (NYSE:JCP) got the bad news out of the way with its earnings warning two weeks ago, so shares are naturally rallying hard following the actual news. Analysts anticipate that J.C. Penney will post $0.06 earnings per share for the current year.
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Sell-side analysts have also provided a consensus recommendation of 3.00 on company shares. (NYSE:JCP) stock. Over the past few months, insider ownership has seen a move of 5.13% while institutional ownership has changed -0.11%. Holding Company (NYSE:JCP) from a buy rating to a neutral rating in a report published on Monday, October 30th, MarketBeat.com reports. However, it is still down by about 70% from its 52-week high, reached last December. The firm's revenue was up 1.5% on a year-over-year basis. research analysts forecast that J.C. Penney Company, Inc. Its book value per share for the most recent quarter is $3.72 while its price to book ratio for the same period is 0.74, as for as the company's cash per share for the most recent quarter is $0.94, however its price to cash per share ratio for the same period is 2.93. (JCP) stock directed -67.11% toward a lower level throughout previous year and swapped -20.98% toward a weak spot during past one month.