J C Penney Company Inc (JCP) Receives Average Rating of “Hold” from Analysts

J C Penney Company Inc (NYSE:JCP) has earned an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $4.42.

A number of equities analysts have weighed in on JCP shares. Zacks Investment Research upgraded shares of J C Penney from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Atlantic Securities lowered shares of J C Penney from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. Citigroup upped their price target on shares of J C Penney from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. BMO Capital Markets set a $3.00 price target on shares of J C Penney and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Jefferies Group set a $3.00 price target on shares of J C Penney and gave the stock a “hold” rating in a research report on Friday, October 27th.

J C Penney (JCP) opened at $3.43 on Friday. The firm has a market cap of $1,070.00, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.72. J C Penney has a 12-month low of $2.35 and a 12-month high of $7.42. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16.

J C Penney (NYSE:JCP) last posted its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.10. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. J C Penney had a negative net margin of 1.43% and a positive return on equity of 7.60%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. sell-side analysts anticipate that J C Penney will post 0.1 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Syntal Capital Partners LLC purchased a new stake in J C Penney during the fourth quarter valued at $126,000. Piedmont Investment Advisors LLC purchased a new stake in J C Penney during the second quarter valued at $311,000. Teacher Retirement System of Texas raised its stake in J C Penney by 313.7% during the fourth quarter. Teacher Retirement System of Texas now owns 106,538 shares of the department store operator’s stock valued at $337,000 after purchasing an additional 80,788 shares in the last quarter. Keel Point LLC raised its stake in J C Penney by 100.0% during the third quarter. Keel Point LLC now owns 108,000 shares of the department store operator’s stock valued at $411,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in J C Penney by 101.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 110,878 shares of the department store operator’s stock valued at $350,000 after purchasing an additional 55,814 shares in the last quarter. 72.08% of the stock is currently owned by institutional investors.

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J C Penney Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

Analyst Recommendations for J C Penney (NYSE:JCP)

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