JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates Q3 Earnings Guidance

Stifel Nicolaus downgraded the stock to "Hold" rating in Friday, April 7 report.

Other research analysts have also recently issued research reports about the company.

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In trying to determine the current valuation of J. C. Penney Company, Inc. Holding and gave the company a hold rating in a research note on Monday, October 30th. Finally, Cowen and Company reiterated a "market perform" rating and set a $10.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. Northcoast Research also issued estimates for J.C. Penney Company, Inc. Holding from an "overweight" rating to a "neutral" rating in a research report on Friday, October 27th. BidaskClub cut J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. The SMA 50/200 for J. C. Penney Company, Inc. Holding in a research report on Wednesday, August 16th. This is based on a numerical chart where each stock recommendation (Buy, Sell, Hold) is translated into a numerical equivalent. The company presently has a consensus rating of "Hold" and a consensus target price of $5.06. IL raised its stake in shares of J.C. Penney Company, Inc. Holding (NYSE:JCP) traded down $0.22 during trading hours on Tuesday, hitting $2.95. The stock's average target of $9.75 is 200.93% above today's ($3.24) share price. (JCP) has made a move of -12.98% over the past month, which has come on Strong relative transaction volume. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. As of the last earnings report the EPS was $-0.41 with 310.74M shares now outstanding. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Analysts are forecasting earnings of $0.49 on a per share basis this quarter.

Wall Street analysts are predicting that J.C. Penney Company Inc (NYSE:JCP) will report earnings per share of $0.49 in their quarterly report. "Holding Company (JCP) Posts Earnings Results, Beats Expectations By $0.10 EPS" was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation.

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Visa Inc., a United States of America based Company, belongs to Financial sector and Credit Services industry. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Holding news, Director Javier G. Teruel purchased 135,135 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $3.62 per share, with a total value of $90,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock of Target Corporation (NYSE:TGT) has "Buy" rating given on Monday, November 9 by Citigroup. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $491,891.40. Following the completion of the purchase, the director now directly owns 68,123 shares in the company, valued at $246,605.26. The total dollar value of all 310.80 million outstanding shares is 0.99 billion. Corporate insiders own 1.02% of the company's stock. The Volatility 3m of J. C. Penney Company, Inc. Holding by 33.6% during the 1st quarter. Similarly, the company's last 5 years high P/E ratio is 2021.94 and low P/E is 2021.94, whereas, the industry's and sector's high P/E for the past year is 111.99 and 35.08 respectively and low P/E ratio for the last 5 years is 22.99 for the industry and 13.31 for the Sector. Creative Planning increased its position in J.C. Penney by 7.5% in the second quarter. Holding by 502.5% during the 2nd quarter. The stock had opened the regular trading at $3.17 and managed a -6.94% price change to reach $2.95 through the close. The company gives a ROE of -9.60%. Holding by 1.7% during the 2nd quarter. Grassi Investment Management now owns 18,400 shares of the department store operator's stock valued at $163,000 after buying an additional 6,400 shares during the period. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter. Holding by 13.9% during the 2nd quarter. In the most recent financial results released by J. C. Penney Company, Inc., for the quarter ending on 2017-10-31, the company posted EPS of -0.33.

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