JCP has been the topic of a number of other reports. 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. For the next 5 years, J. C. Penney Company, Inc.is expecting Growth of -28% per annum, whereas in the past 5 years the growth was 9.37% per annum.
Sprint Corporation (NYSE:S) market capitalization at present is $23.77B at the rate of $6.17 a share. A popular tool among technical stock analysts is the moving average. Finally, Bank of New York Mellon Corp grew its position in shares of J.C. Penney Company, Inc. Three analysts have rated the stock with a sell rating, twenty have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock now has a consensus rating of Hold and a consensus target price of $11.44.
Guggenheim initiated J C Penney Company Inc (NYSE:JCP) on Friday, September 30 with "Neutral" rating. Currently, the 200-day MA is sitting at 0.00, and the 50-day is 0.00.
"The stock market has run out of a little momentum", said Societe Generale strategist Kit Juckes.
However, on Friday, J.C. Penney reported that its third-quarter results weren't quite as bad as its recent guidance update had suggested.
In case of Revenue Estimates, 19 analysts have provided their consensus Average Revenue Estimates for J. C. Penney Company, Inc.as 2.74 Billion. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%. The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter in the previous year, the business posted ($0.45) EPS.
On the other hand the company has Relative Strength Index (RSI 14) of 38.09 along with Average True Range (ATR 14) of 0.22, Consequently J.C. Penney Company Inc (NYSE:JCP)'s weekly and monthly volatility is 11.28%, 7.06% respectively. Holding news, Chairman Marvin R. Ellison purchased 100,000 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Vertex One Asset Management Inc. raised its stake in J.C. Penney by 988.9% in the second quarter.
The news stanched, at least for a moment, an extended selloff in company shares, which accelerated last month when the Plano, Texas-based chain warned that it would be forced to liquidate poor-selling merchandise. Cambridge Investment Research Advisors Inc. increased its position in 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.