J.C. Penney Company, Inc. Holding Company (NYSE:JCP) has been assigned a $4.00 target price by equities research analysts at BMO Capital Markets in a research note issued on Saturday. The brokerage presently has a “hold” rating on the department store operator’s stock. BMO Capital Markets’ target price would suggest a potential upside of 1.78% from the company’s current price.

Several other equities research analysts have also recently commented on JCP. Gordon Haskett initiated coverage on shares of J.C. Penney Company, Inc. Holding in a research report on Tuesday, May 9th. They set a “reduce” rating and a $5.00 price target for the company. Piper Jaffray Companies set a $5.00 price objective on shares of J.C. Penney Company, Inc. Holding and gave the stock a “hold” rating in a research note on Saturday, May 13th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a research note on Saturday, May 13th. B. Riley reissued a “neutral” rating and set a $5.70 price objective on shares of J.C. Penney Company, Inc. Holding in a research note on Monday, May 15th. Finally, Robert W. Baird lowered shares of J.C. Penney Company, Inc. Holding from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $5.00 in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.83.

Shares of J.C. Penney Company, Inc. Holding (NYSE JCP) opened at 3.93 on Friday. The firm’s market capitalization is $1.22 billion. J.C. Penney Company, Inc. Holding has a 1-year low of $3.77 and a 1-year high of $11.30. The company’s 50-day moving average is $4.97 and its 200 day moving average is $5.55.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings results on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.03. J.C. Penney Company, Inc. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts expect that J.C. Penney Company, Inc. Holding will post $0.49 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of JCP. Norges Bank purchased a new position in shares of J.C. Penney Company, Inc. Holding during the fourth quarter worth $12,324,000. Capstone Asset Management Co. increased its position in J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. Capstone Asset Management Co. now owns 35,644 shares of the department store operator’s stock valued at $220,000 after buying an additional 320 shares in the last quarter. Parametrica Management Ltd bought a new position in J.C. Penney Company, Inc. Holding during the first quarter valued at approximately $117,000. Louisiana State Employees Retirement System increased its position in J.C. Penney Company, Inc. Holding by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 77,900 shares of the department store operator’s stock valued at $480,000 after buying an additional 1,700 shares in the last quarter. Finally, Oakbrook Investments LLC increased its position in J.C. Penney Company, Inc. Holding by 55.2% in the first quarter. Oakbrook Investments LLC now owns 24,450 shares of the department store operator’s stock valued at $151,000 after buying an additional 8,700 shares in the last quarter. Institutional investors and hedge funds 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)

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