The stock showed weekly downbeat performance of -4.63%, which was maintained for the month at 16.95%.
Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $7.00 price target on shares of J C Penney Company and gave the company a hold rating in a report on Saturday, March 11th. Susquehanna Bancshares Inc initiated coverage on shares of J C Penney Company in a report on Friday, February 10th.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -40.97%, and has a poor year to date (YTD) performance of -43.8% which means the stock is constantly subtracting to its value from the previous fiscal year end price. $8.91's average target is 96.69% above currents $4.53 stock price. They noted that the move was a valuation call. Finally, Vetr cut J C Penney Company from a "strong-buy" rating to a "buy" rating and set a $7.76 price objective for the company.in a report on Wednesday, February 8th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The company presently has a consensus rating of Hold and a consensus target price of $7.54. Below is a list of J C Penney Company Inc (NYSE:JCP) latest ratings and price target changes. The overall volume in the last trading session was 6.32 million shares, versus the average volume of 6.49 million shares. The stock has a 50-day moving average of $5.62 and a 200 day moving average of $7.20. It is important to note that the current day's high figures poorly when compared to the trailing 52-week high of $11.30 achieved by JCP on 05/15/17. (JCP) has a market capitalization of 1.65 Billion while its Major Index membership is at 0.
J C Penney Company (NYSE:JCP) last posted its quarterly earnings data on Friday, May 12th.More news: Theresa May labelled 'scared' by fellow leaders for skipping TV debate
Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.78 billion.
The company reported an impressive total revenue of 12.55 Billion in the last fiscal year. J C Penney Company's revenue was down 3.7% on a year-over-year basis. Northcoast Research analyst K. Szafraniec now expects that the department store operator will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.08. California State Teachers Retirement System boosted its stake in shares of J C Penney Company by 0.9% in the third quarter. If you are accessing this article on another website, it was copied illegally and reposted in violation of worldwide copyright legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/05/19/j-c-penney-company-inc-jcp-shares-sold-by-ubs-asset-management-americas-inc-updated-updated.html. Now that the technical data for JCP has come to the fore; it will be interesting to see how traders handle the upcoming trading. Finally, Mik Capital LLC purchased a new stake in shares of J C Penney Company during the third quarter worth approximately $7,838,000.
According to Finviz reported data, The SMA20 of the stock is at -12.89 percent, SMA50 is -18.13 percent, while SMA200 is -41.09 percent. J C Penney Company Inc (NYSE:JCP) has risen 6.00% since April 18, 2017 and is uptrending. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock valued at $141,000 after buying an additional 2,600 shares in the last quarter. Elkfork Partners LLC acquired a new position in J C Penney Company during the fourth quarter valued at approximately $100,000. The average volume of a stock suggests the liquidity of a particular company. Now J. C. Penney Company, Inc. The Company's 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.