J C Penney (NYSE:JCP) has been given a $4.00 target price by investment analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the department store operator’s stock. Piper Jaffray Companies’ target price indicates a potential downside of 2.20% from the stock’s current price.

A number of other research analysts have also commented on JCP. Jefferies Group reiterated a “hold” rating and issued a $4.00 price target on shares of J C Penney in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of J C Penney from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Atlantic Securities lowered shares of J C Penney from an “overweight” rating to a “neutral” rating in a research note on Friday, October 27th. Citigroup upped their price target on shares of J C Penney from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets set a $3.00 target price on shares of J C Penney and gave the stock a “hold” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.78.

J C Penney (NYSE:JCP) opened at $4.09 on Wednesday. J C Penney has a 52 week low of $2.35 and a 52 week high of $7.42. The company has a market cap of $1,270.00, a PE ratio of -6.70, a P/E/G ratio of 2.86 and a beta of 0.58. The company has a quick ratio of 0.16, a current ratio of 1.44 and a debt-to-equity ratio of 3.95.

J C Penney (NYSE:JCP) last announced its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.10. J C Penney had a negative net margin of 4.56% and a negative return on equity of 45.98%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business earned ($0.21) EPS. J C Penney’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts forecast that J C Penney will post 0.08 earnings per share for the current year.

Several large investors have recently made changes to their positions in JCP. Bank of New York Mellon Corp grew its position in shares of J C Penney by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,689,064 shares of the department store operator’s stock worth $17,154,000 after purchasing an additional 329,909 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of J C Penney by 93.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,629,688 shares of the department store operator’s stock worth $7,577,000 after acquiring an additional 789,312 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of J C Penney by 219.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 186,920 shares of the department store operator’s stock worth $869,000 after acquiring an additional 128,430 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of J C Penney during the 2nd quarter worth approximately $5,140,000. Finally, Pinebridge Investments L.P. bought a new stake in shares of J C Penney during the 2nd quarter worth approximately $190,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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J C Penney 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.

Analyst Recommendations for J C Penney (NYSE:JCP)

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