JPMorgan Chase & Co. Reaffirms Positive Rating for J.C. Penney Company (JCP)
J.C. Penney Company (NYSE:JCP) opened at 10.19 on Monday. J.C. Penney Company has a 52-week low of $4.90 and a 52-week high of $14.65. The stock has a 50-day moving average of $9.22 and a 200-day moving average of $8.42. The company’s market cap is $3.106 billion.
J.C. Penney Company (NYSE:JCP) last announced its earnings results 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 $-2.48 EPS for the current fiscal year.
A number of other firms have also recently commented on JCP. Analysts at Zacks reiterated a “neutral” rating on shares of J.C. Penney Company in a research note on Tuesday, August 19th. They now have a $10.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of J.C. Penney Company in a research note on Friday, August 15th. They now have a $7.00 price target on the stock. Finally, 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 investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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).
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