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Shares of J.C. Penney Company (NYSE:JCP) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $7.97.

Shares of J.C. Penney Company (NYSE:JCP) opened at 9.50 on Tuesday. 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 $9.07 and its 200-day moving average is $8.27. The company’s market cap is $2.895 billion.

J.C. Penney Company (NYSE:JCP) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.56) EPS for the quarter, beating the Thomson Reuters 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.

JCP has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of J.C. Penney Company in a research note on Friday. They now have a $7.00 price target on the stock. Separately, 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, August 11th. They now have a $10.00 price target on the stock. Finally, 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.

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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