J.C. Penney Company, Inc. Holding Company (JCP) Receives Consensus Rating of “Hold” from Analysts

Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) have earned a consensus rating of “Hold” from the twenty-six brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.97.

Several equities research analysts have recently commented on the company. B. Riley restated a “neutral” rating and issued a $5.70 price objective on shares of J.C. Penney Company, Inc. Holding in a research note on Monday, May 15th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research note on Saturday, May 13th. Piper Jaffray Companies set a $5.00 price objective on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Saturday, May 13th. UBS AG restated a “sell” rating and issued a $4.00 price objective (down from $5.00) on shares of J.C. Penney Company, Inc. Holding in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $4.00 price objective on J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Friday.

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Shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down 16.56% during mid-day trading on Tuesday, hitting $3.93. The company had a trading volume of 116,459,933 shares. J.C. Penney Company, Inc. Holding has a 52 week low of $3.77 and a 52 week high of $11.30. The firm’s market capitalization is $1.22 billion. The firm has a 50-day moving average price of $4.97 and a 200-day moving average price of $5.55.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last announced its earnings results on Friday, August 11th. The department store operator reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. J.C. Penney Company, Inc. Holding’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Equities analysts forecast that J.C. Penney Company, Inc. Holding will post $0.49 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new stake in J.C. Penney Company, Inc. Holding during the fourth quarter worth $665,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in J.C. Penney Company, Inc. Holding during the fourth quarter worth $738,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in J.C. Penney Company, Inc. Holding during the first quarter worth $234,000. LMR Partners LLP raised its stake in J.C. Penney Company, Inc. Holding by 109.7% in the first quarter. LMR Partners LLP now owns 82,172 shares of the department store operator’s stock worth $506,000 after buying an additional 42,980 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of J.C. Penney Company, Inc. Holding by 77.1% in the first quarter. OppenheimerFunds Inc. now owns 512,143 shares of the department store operator’s stock worth $3,155,000 after buying an additional 222,916 shares during the period. 77.17% of the stock is currently owned by institutional investors.

J.C. Penney Company, Inc. Holding 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.

Analyst Recommendations for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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