J.C. Penney shares, which lost about a quarter of their value when the company made the sales forecast, were last up 15 percent in morning trading. Holding and gave the company a "hold" rating in a report on Friday, August 11th.
J C Penney Company Inc also notes that its comparable sales for the third quarter of 2017 were up by 1.7%. Finally, Jefferies Group reissued a "hold" rating and issued a $10.00 target price on shares of J.C. Penney in a research report on Thursday, October 20th. According to these analysts, the Low Revenue Estimate for J. C. Penney Company, Inc.is 2.61 Billion and the High Revenue Estimate is 2.87 Billion.
J.C. Penney Company Inc (NYSE:JCP)'s trailing twelve month revenues are $12.49 Billion, whereas its price to sales ratio for the same period is 0.07. Holding and gave the company a "market perform" rating in a research report on Saturday, August 12th.
Some buy side analysts are also providing their Analysis on J. C. Penney Company, Inc., where 1 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 18 said it's a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. The stock has a consensus rating of "Hold" and an average target price of $5.06. (NYSE:JCP) traded up 0.59% during trading on Tuesday, reaching $8.51.
The Relative Volume of the company is 1.3 and Average Volume (3 months) is 18.92 million. The firm has a market cap of $860.75, a price-to-earnings ratio of 6.93 and a beta of 0.53. Holding will post 0.06 EPS for the current year. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. And after closing 138 stores, total sales fell 1.8 percent to $2.81 billion, which shows how unproductive some stores had become. During the same period in the previous year, the firm posted ($0.21) EPS. Holding's quarterly revenue was down 1.8% on a year-over-year basis. analysts predict that J.C. Penney Company, Inc. It had said in late October, near the end of the quarter, that the metric, which eliminates the impact of newly opened or closed stores (it has closed 139 stores this year), would rise 0.6% to 0.8%. Analysts expected a 43 cent loss. "Holding Company (JCP) a $4.00 Price Target" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece on another site, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark laws.
While considering growth estimates of the company, it has next quarter growth estimates of -4.7% whereas during current quarter it has 19% estimations over growth, comparing to the estimations of 437.5% during current year and -11.6% for next year. GA ADV raised its position in shares of J.C. Penney by 2.8% in the second quarter. Holding news, Director Javier G. Teruel bought 135,135 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd.
In other J.C. Penney news, EVP John Joseph Tighe III sold 38,756 shares of the stock in a transaction dated Friday, November 18th.