J.C. Penney Company, Inc. Holding (JCP) Getting Somewhat Favorable News Coverage, Study Finds
Media stories about J.C. Penney Company, Inc. Holding (NYSE:JCP) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. J.C. Penney Company, Inc. Holding earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the department store operator an impact score of 46.2105455677932 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- J.C. Penney Company, Inc. Holding Company (NYSE:JCP) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- JC Penney Company, Inc. Holding Target of Unusually High Options Trading (JCP) (overnewsmagazine.com)
- Retailers: JC Penney Company Inc (JCP) vs. Sears Holdings Corp (SHLD) – Investorplace.com (investorplace.com)
- WFRBS Commercial Mortgage Trust 2013-C18 — Moody’s Affirms Eleven Classes of WFRBS 2013-C18 (finance.yahoo.com)
- J.C. Penney Company, Inc. Holding Company (JCP) Set to Announce Quarterly Earnings on Friday (americanbankingnews.com)
J.C. Penney Company, Inc. Holding (NYSE:JCP) opened at 5.44 on Monday. The company’s 50-day moving average is $4.88 and its 200 day moving average is $5.62. J.C. Penney Company, Inc. Holding has a 52 week low of $4.17 and a 52 week high of $11.30. The company’s market capitalization is $1.69 billion.
J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.27. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.78 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) EPS. On average, analysts forecast that J.C. Penney Company, Inc. Holding will post $0.49 EPS for the current fiscal year.
Several equities analysts have commented on the stock. B. Riley reissued a “neutral” rating and set a $5.70 target price on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, May 15th. Piper Jaffray Companies set a $5.00 price target on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a report on Saturday, May 13th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research note on Saturday, May 13th. UBS AG reiterated a “sell” rating and issued a $4.00 target price (down previously from $5.00) on shares of J.C. Penney Company, Inc. Holding in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 target price on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. J.C. Penney Company, Inc. Holding presently has a consensus rating of “Hold” and an average price target of $6.43.
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J.C. Penney Company, Inc. Holding Company Profile
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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