J.C. Penney Company Stock Rating Reaffirmed by Zacks (JCP)
J.C. Penney Company (NYSE:JCP)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Tuesday. They currently have a $10.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 1.32% from the company’s current price.
J.C. Penney Company (NYSE:JCP) traded up 4.86% on Tuesday, hitting $10.35. 28,084,546 shares of the company’s stock traded hands. 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 $9.10 and its 200-day moving average is $8.31. The company’s market cap is $3.155 billion.
J.C. Penney Company (NYSE:JCP) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating the 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 $-2.51 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JCP. 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. 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. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.09.
J. C. Penney Company, Inc is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc (NYSE:JCP).
To view Zacks’ full report, visit Zacks’ official website.
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.