J.C. Penney Co. Target of Unusually Large Options Trading (JCP)
Shares of J.C. Penney Co. (NYSE:JCP) was the target of unusually large options trading on Thursday. Stock investors bought 137,113 call options on the stock, AnalystRatings.Net reports. This is an increase of approximately 289% compared to the typical daily volume of 35,231 call options.
A number of research firms have recently commented on JCP. Analysts at Wells Fargo & Co. reiterated an “underperform” rating on shares of J.C. Penney Co. (NYSE:JCP) in a research note to investors on Thursday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J.C. Penney Co. (NYSE:JCP) in a research note to investors on Thursday. Finally, analysts at Citigroup Inc. set a $7.00 price target on shares of J.C. Penney Co. (NYSE:JCP) in a research note to investors on Thursday. They now have a “sell” rating on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.65.
Shares of J.C. Penney Co. (NYSE:JCP) traded up 2.96% on Thursday, hitting $10.42. The stock had a trading volume of 113,541,768 shares. J.C. Penney Co. has a one year low of $9.93 and a one year high of $27.00. The stock’s 50-day moving average is $13.23 and its 200-day moving average is $15.67. The company’s market cap is $2.298 billion.
J.C. Penney Co. (NYSE:JCP) last released its earnings data on Tuesday, August 20th. The company reported ($1.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.06) by $0.11. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Analysts expect that J.C. Penney Co. will post $-6.21 EPS for the current fiscal year.
J. C. Penney Company, Inc (NYSE:JCP), is a holding company.
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