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

(JCP) was a Hold - from a survey of 14 analysts.

Wall Street sell-side research analysts covering J C Penney Company Inc (NYSE:JCP) shares have recently provided various price target projections on where the stock might be going.

How Quickly J.C. Penney Company, Inc. Finally, Citigroup Inc. lowered J.C. Penney Company, Inc.

Shares of J.C. Penney Company, Inc. Holding from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 14th.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. Holding and gave the company a "hold" rating in a report on Friday, August 11th. The stock had a trading volume of 54,370,100 shares, compared to its average volume of 19,264,994. Holding from a "sell" rating to a "hold" rating in a report on Saturday, August 26th. As of quarter end Wells Fargo & Company/mn had bought a total of 15,094 shares growing its stake by 616.1%. One Trading Limited Partnership has 0% invested in J C Penney Company Inc (NYSE:JCP).

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It fall, as 39 investors sold VTR shares while 204 reduced holdings. 70 funds opened positions while 186 raised stakes. California State Teachers Retirement Sys has invested 0% in Hardinge Inc. (NYSE:UVE) for 20,640 shares.

On the other hand J.C. Penney Company Inc (NYSE:JCP) has Relative Strength Index (RSI 14) of 45.11 along with Average True Range (ATR 14) of 0.26.

10 number of analysts have estimated the sales of the company for the quarter ending Nov 9, 2017- Nov 13, 2017, analysts estimated mean sale target of 2616.45 million while high and low sale targets are estimated at 2664.3 million and 2506 million respectively.

J.C. Penney (NYSE:JCP) last released its quarterly earnings data on Friday, November 11th. The department store operator reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.10. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. In contrast to the year ago quarter EPS was at -0.05. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover JCP having a buy-equivalent rating. The company provided EPS guidance of (0.45)-(0.40) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.17).

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law. Holding Company (NYSE:JCP) had its price objective lifted by stock analysts at Citigroup Inc. from $3.00 to $4.00 in a note issued to investors on Friday, October 27th. The stock has "Hold" rating by Deutsche Bank on Monday, August 17. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Following the transaction, the director now directly owns 518,970 shares in the company, valued at approximately $1,889,050.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The stock was purchased at an average price of $3.62 per share, for a total transaction of $181,000.00. The disclosure for this purchase can be found here. GA ADV now owns 37,200 shares of the department store operator's stock valued at $330,000 after buying an additional 1,000 shares during the period. Holding by 12.8% in the 1st quarter. Holding by 3.1% in the 2nd quarter. During the same quarter previous year, the business posted ($0.45) earnings per share. California Public Employees Retirement System grew its position in J.C. Penney Company, Inc.

The company's quick ratio for most recent quarter is 0.2 along with current ratio for most recent quarter of 1.5. The total value of its holdings decreased 18.9%. Now we take an assessment of last twelve months period, where stock moved lower with performance of -64.02%. Morgan Stanley holds 0% or 1.59 million shares. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock valued at $141,000 after buying an additional 2,600 shares during the period. It tells an investor how quickly a company is increasing its revenues. Creative Planning increased its position in J.C. Penney by 7.5% in the second quarter. The Company's 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.

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