J.C. Penney Company Rating Reiterated by Credit Suisse (JCP)
J.C. Penney Company (NYSE:JCP)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Friday. They currently have a $7.00 price objective on the stock. Credit Suisse’s price target points to a potential downside of 28.13% from the stock’s previous close.
JCP has been the subject of a number of other recent research reports. Analysts at Craig Hallum upgraded shares of J.C. Penney Company from a “sell” rating to a “hold” rating in a research note on Monday. They now have a $10.00 price target on the stock. Analysts at Wells Fargo & Co. downgraded shares of J.C. Penney Company from a “market perform” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $5.00 price target on the stock, down previously from $6.00. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $7.97.
J.C. Penney Company (NYSE:JCP) opened at 9.74 on Friday. J.C. Penney Company has a 52-week low of $4.90 and a 52-week high of $14.65. The stock’s 50-day moving average is $9.05 and its 200-day moving average is $8.25. The company’s market cap is $2.969 billion.
J.C. Penney Company (NYSE:JCP) last announced its earnings results on Thursday, August 14th. The company reported ($0.56) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.94) by $0.38. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.78 billion. Analysts expect that J.C. Penney Company will post $-2.77 EPS for the current fiscal year.
J. C. Penney Company, Inc is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc (NYSE:JCP).
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