ibusinesslines.com June 27, 2017

Trader's Watch List: JC Penney Company, Inc. (JCP)

20 June 2017, 10:25 | Kelvin Horton

Analysts have placed a $6.66 price target on J. C. Penney Company, Inc., suggesting a 32.67% gain from recent close. The Company had total cash value per share $1.45 and a book value per share as $0.41 in the most recent quarter. Thrivent Financial for Lutherans now owns 52,400 shares of the department store operator's stock valued at $435,000 after buying an additional 4,430 shares during the period. (JCP) share price fell -3.59% to $4.84 in the last trading session. Holding Company by 350.0% in the fourth quarter. J. C. Penney Company, Inc. has far performed well this year, with the share price down -39.59% since January. Holding Company during the fourth quarter worth $12,324,000. World Asset Management Inc now owns 23,122 shares of the department store operator's stock valued at $142,000 after buying an additional 153 shares during the period. Holding Company during the fourth quarter worth $42,214,000. Cambridge Investment Research Advisors Inc. raised its position in shares of J.C. Penney Company, Inc. Glenmede Tru Na stated it has 3,345 shares or 0% of all its holdings. The institutional investor purchased 92,253 shares of the department store operator's stock, valued at approximately $568,000. Holding Company during the third quarter worth approximately $102,000. Elkfork Partners LLC bought a new position in shares of J.C. Penney Company, Inc. Holding Company by 350.0% in the fourth quarter. Institutional investors and hedge funds own 78.45% of the company's stock. Capstone Asset Management Co. boosted its stake in J C Penney Company by 0.9% in the first quarter. Holding Company (NYSE JCP) opened at 5.02 on Monday. The company's market capitalization is $1.52 billion. (AMD) now has a value of $11.96 while the company's 52 week low is at $4.30, the shares dropped to the 52 week low on 06/15/16.

Shares of J.C. Penney Company, Inc. The stock notched a 12-month high of $6.35 while $15.00 target is by far the most aggressive out of analysts who are now evaluating the company, $8.65 higher than the next highest 52-week price estimate.

Several large investors have recently bought and sold shares of the stock. (JCP) failed to surprise the stock market in its last reported earnings when it earned -$0.3 a piece versus the consensus-estimated -$0.21. Analysts are forecasting earnings of $-0.07 on a per share basis this quarter. Holding Company had a negative net margin of 0.89% and a positive return on equity of 11.44%. J. C. Penney Company, Inc. Similarly, full-year EPS forecasts have ranged between $-0.06 and $0.10. J.C. Penney Company had 44 analyst reports since July 22, 2015 according to SRatingsIntel. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research's earnings per share averages are a mean average based on a survey of research analysts that follow J C Penney Company. Holding Company from a strong-buy rating to a buy rating and set a $7.76 price target for the company.in a report on Wednesday, February 8th. ValuEngine cut J.C. Penney Company, Inc. Oppenheimer Holdings Inc. reiterated a "hold" rating on shares of J C Penney Company in a report on Saturday, May 13th. Over the past 2 quarters, the stock is down -47.43%, compared with a fall of almost -16.19% for 3 months and about 7.49% for the past 30 days. Holding Company from a c- rating to a d+ rating in a research note on Wednesday, May 17th. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover JCP having a buy-equivalent rating.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. (JCP) has been given an average price target of $6.66 from analysts, according to data collected by Finviz. J.C. Penney Company, Inc.

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