J.C. Penney Company, Inc. Holding Company (NYSE:JCP) has been given a $4.00 price objective by equities research analysts at Piper Jaffray Companies in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the department store operator’s stock. Piper Jaffray Companies’ price objective would suggest a potential downside of 15.07% from the stock’s previous close.

JCP has been the topic of a number of other research reports. BidaskClub raised J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Telsey Advisory Group lifted their target price on J.C. Penney Company, Inc. Holding from $7.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. BMO Capital Markets set a $6.00 target price on J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research report on Monday, July 10th. Deutsche Bank AG lifted their price target on J.C. Penney Company, Inc. Holding from $5.50 to $6.50 and gave the stock a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.11.

J.C. Penney Company, Inc. Holding (NYSE JCP) traded down 19.1062% during mid-day trading on Friday, hitting $3.8101. The stock had a trading volume of 100,806,535 shares. The stock’s 50-day moving average is $4.98 and its 200 day moving average is $5.57. J.C. Penney Company, Inc. Holding has a 52 week low of $3.77 and a 52 week high of $11.30. The company’s market capitalization is $1.18 billion.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, August 11th. The department store operator reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.84 billion. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. J.C. Penney Company, Inc. Holding’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Equities analysts forecast that J.C. Penney Company, Inc. Holding will post $0.49 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/08/11/piper-jaffray-companies-analysts-give-j-c-penney-company-inc-holding-company-nysejcp-a-4-00-price-target.html.

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,721 shares of the department store operator’s stock worth $103,000 after buying an additional 4,205 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of J.C. Penney Company, Inc. Holding by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 17,472 shares of the department store operator’s stock worth $108,000 after buying an additional 2,212 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter worth about $117,000. FNY Managed Accounts LLC purchased a new stake in shares of J.C. Penney Company, Inc. Holding during the first quarter worth about $117,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of J.C. Penney Company, Inc. Holding by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator’s stock worth $122,000 after buying an additional 9,068 shares in the last quarter. Institutional investors own 77.17% of the company’s stock.

About J.C. Penney Company, Inc. Holding

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.

Analyst Recommendations for J.C. Penney Company, Inc. Holding (NYSE:JCP)

Receive News & Ratings for J.C. Penney Company Inc. Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.C. Penney Company Inc. Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.