J.C. Penney Company Given Buy Rating at Argus (JCP)
J.C. Penney Company (NYSE: JCP) traded down 0.46% on Tuesday, hitting $16.205. J.C. Penney Company has a 1-year low of $14.20 and a 1-year high of $37.46. The stock’s 50-day moving average is currently $18.45. The company’s market cap is $3.554 billion.
J.C. Penney Company (NYSE: JCP) last announced its earnings results on Wednesday, February 27th. The company reported ($1.95) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $1.78. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company posted $0.74 earnings per share. J.C. Penney Company’s revenue was down 28.4% compared to the same quarter last year. On average, analysts predict that J.C. Penney Company will post $-1.99 earnings per share for the current fiscal year.
A number of other firms have also recently commented on JCP. Analysts at BTIG Research initiated coverage on shares of J.C. Penney Company in a research note to investors on Thursday, March 14th. They set a “buy” rating and a $22.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J.C. Penney Company in a research note to investors on Monday, March 11th. Finally, analysts at Northcoast Research upgraded shares of J.C. Penney Company from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, March 7th. They now have a $14.00 price target on the stock.
Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.26.
J. C. Penney Company, Inc. (NYSE: JCP), is a holding company. The Company is a retailer, operating 1,102 department stores in 49 states and Puerto Rico as of January 28, 2012.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.