J. C. Penney Co., Inc. operates department stores, which consist of selling merchandise and services to consumers through its department stores. The rating firm gave a Outperform rating to this stock in a research note on May 16, 2016.Jefferies analysts issued their verdict on J C Penney Company Inc (NYSE:JCP) recently. The most optimistic analyst sees the stock reaching $19 while the most conventional predicts the target price at $5. Overweight rating was given by 3 analysts and Underweight rating was given by 0 analysts.
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Plano, Texas-based J.C. Penney’s second-quarter net loss was $56 million or $0.18 per share, narrower than loss of $117 million or $0.38 per share in the same period previous year.
Shares of are up almost one percent to $10.05 in pre-market trading Friday.
These analysts also forecasted Growth Estimates for the Current Quarter for JCP to be 63.4%. Holding Company closed its last trading session at $9.15 with the gain of 8.63%.
The recent traded volume of 48.59 million shares higher than its average volume of 14.28 million shares.
In other J.C. Penney news, Director Ronald W. Tysoe bought 25,000 shares of J.C. Penney stock in a transaction that occurred on Tuesday, May 17th.
According toTipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Paul Trussell and Randal Konik have a total average return of 2.4% and 0.3% respectively. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Miller Tabak cut their price objective on shares of J.C. Penney from $17.00 to $13.00 and set a “buy” rating for the company in a report on Monday, May 23rd. Holding Company (NYSE:JCP) has a Return on Assets (ROA) of -4.2%. Holding Company (NYSE:JCP) reported its last earnings on Aug 12 BMO (BMO = before market open, AMC= after market close).
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Upbeat news from department stores has been hard to find lately. The Companys online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers warehouses and by in store customer pick up. Top-performing businesses included Sephora cosmetics, home goods, footwear and handbags.
