JC Penney Company Inc (JCP) How Do the Technical Vary?


Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. Over a month, it has seen its stock price volatility to stay at 10.59% while shortening the period to a week, volatility was 6.57%. The mean target projections are based on 18 opinions. Also, J. C. Penney Company, Inc.

Citigroup "Maintained" J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 10/31/17 to Sell with price target of $3.

The stock traded up about 16% in Friday morning, at $3.21 in a 52-week range of $2.35 to $10.74. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/11/10/northcoast-research-downgrades-j-c-penney-company-inc-holding-company-jcp-to-neutral.html.

While looking at the Stock's Performance, J. C. Penney Company, Inc. now shows a Weekly Performance of 7.84%, where Monthly Performance is -20.98%, Quarterly performance is -30.03%, 6 Months performance is -39.56% and yearly performance percentage is -67.11%. Vanguard Group Inc. grew its position in shares of J.C. Penney Company, Inc. This number lands on a scale from 1 to 5. Adjusted EPS is guided to positive $0.02-$0.08 - the same guidance from two weeks ago.

Revenue was $2.81 billion, also exceeding Street forecasts for $2.76 billion. However the company reported $-0.21 earnings per share for the same quarter during a year ago. On a GAAP basis J.C. Penney lost $0.41 per share, worse than the year-ago third-quarter loss of $0.22 per share. Analysts anticipate that J.C. Penney will post $0.06 earnings per share for the current year. Average estimation for the current quarter has been provided by 9 analysts.

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"We took aggressive actions to clear slow-moving inventory, primarily allowing for an improved apparel assortment heading into the holiday season", Chief Executive Marvin Ellison said in an earnings release. And after closing 138 stores, total sales fell 1.8 percent to $2.81 billion, which shows how unproductive some stores had become.

Sell-side analysts have also provided a consensus recommendation of 3.00 on company shares. However the six-month change in the insider ownership was recorded 5.13%, as well as three-month change in the institutional ownership was recorded -0.11%. (NYSE:JCP) in a research report sent to investors on Monday morning.

Japan's Nikkei index saw a wild 2 percent swing after hitting its highest since 1992 and Europe's main indexes were firmly in the red as tech and commodity stocks tumbled and as Brexit talks resumed amid low expectations in Brussels.

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. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator's stock valued at $7,577,000 after purchasing an additional 789,312 shares during the last quarter.