J C Penney (JCP) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of J C Penney (NYSE: JCP) in the last few weeks:

  • 3/12/2018 – J C Penney is now covered by analysts at Credit Suisse Group AG. They set an “underperform” rating and a $2.50 price target on the stock.
  • 3/5/2018 – J C Penney was given a new $4.00 price target on by analysts at B. Riley. They now have a “hold” rating on the stock.
  • 3/2/2018 – J C Penney had its “hold” rating reaffirmed by analysts at Guggenheim. They wrote, “We lower our FY18/19 ests. to reflect a more conservative view on op. margin improvement. JCP also announced strategic realignment/expense reduction actions (360 job cuts; JCP ests. ~$20-25mn annual cost savings). We remain NEUTRAL.””
  • 3/1/2018 – J C Penney was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

J C Penney Company Inc (NYSE:JCP) opened at $3.03 on Friday. The company has a market capitalization of $944.06, a P/E ratio of -4.89, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. J C Penney Company Inc has a 12-month low of $2.35 and a 12-month high of $6.30. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.28 and a current ratio of 1.46.

J C Penney (NYSE:JCP) last released its quarterly earnings results on Friday, March 2nd. The department store operator reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.04 billion. J C Penney had a positive return on equity of 5.65% and a negative net margin of 0.93%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. equities analysts expect that J C Penney Company Inc will post 0.16 EPS for the current year.

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.

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