J C Penney (NYSE:JCP) had its price target decreased by Telsey Advisory Group from $2.00 to $1.25 in a research note published on Friday, November 16th, Marketbeat reports. Telsey Advisory Group currently has a market perform rating on the department store operator’s stock.

JCP has been the topic of a number of other reports. Zacks Investment Research upgraded J C Penney from a sell rating to a hold rating in a research note on Friday, August 3rd. Deutsche Bank reduced their target price on J C Penney from $3.00 to $2.00 and set a hold rating for the company in a report on Friday, August 17th. Credit Suisse Group reduced their target price on J C Penney from $2.00 to $1.00 and set an underperform rating for the company in a report on Thursday, August 16th. JPMorgan Chase & Co. lowered J C Penney from a neutral rating to an underweight rating and set a $10.00 target price for the company. in a report on Thursday, August 16th. Finally, Craig Hallum reissued a hold rating and set a $2.00 price objective on shares of J C Penney in a report on Thursday, November 15th. Six research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. J C Penney presently has an average rating of Hold and a consensus target price of $2.93.

NYSE JCP remained flat at $$1.39 during mid-day trading on Friday. 5,129,298 shares of the company traded hands, compared to its average volume of 11,384,899. J C Penney has a twelve month low of $1.04 and a twelve month high of $4.75. The company has a current ratio of 1.58, a quick ratio of 0.17 and a debt-to-equity ratio of 4.07. The firm has a market cap of $436.86 million, a P/E ratio of 6.32 and a beta of 0.81.

J C Penney (NYSE:JCP) last issued its quarterly earnings data on Thursday, November 15th. The department store operator reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.81 billion. J C Penney had a negative return on equity of 13.97% and a negative net margin of 0.62%. During the same period last year, the business earned ($0.33) EPS. As a group, sell-side analysts anticipate that J C Penney will post -0.93 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new position in shares of J C Penney during the second quarter valued at approximately $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of J C Penney during the second quarter valued at $156,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of J C Penney during the second quarter valued at $160,000. Commonwealth Equity Services LLC boosted its position in shares of J C Penney by 132.3% during the second quarter. Commonwealth Equity Services LLC now owns 68,228 shares of the department store operator’s stock valued at $160,000 after buying an additional 38,858 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of J C Penney by 3,772.8% during the third quarter. Tower Research Capital LLC TRC now owns 125,556 shares of the department store operator’s stock valued at $209,000 after buying an additional 122,314 shares during the last quarter. Institutional investors own 73.13% of the company’s stock.

J C Penney Company Profile

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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Analyst Recommendations for J C Penney (NYSE:JCP)

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