(JCP) Given Average Recommendation of "Hold" by Analysts

(JCP) Given Average Recommendation of

JCP has been the subject of a number of other research reports. Northcoast Research reiterated a buy rating and set a $9.00 target price on shares of J.C. Penney Company, Inc.

In other J.C. Penney news, EVP John Joseph Tighe III sold 38,756 shares of the business's stock in a transaction dated Friday, November 18th. Holding in a report on Wednesday, August 16th.

The Details: J. C. Penney Company, Inc. The stock of Target Corporation (NYSE:TGT) earned "Buy" rating by Vetr on Tuesday, August 25. J C Penney Company Inc (JCP) has declined 40.00% since November 13, 2016 and is downtrending.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive. Sell-side research firms now have a consensus one year price target of ${{t8}} on the stock according to First Call. Holding from $3.00 to $4.00 and gave the company a "neutral" rating in a research report on Friday, October 27th. The company presently has a consensus rating of "Hold" and a consensus target price of $5.06. BidaskClub upgraded J.C. Penney Company, Inc. Total debt to equity ratio of the company for most recent quarter is 3.72 whereas long term debt to equity ratio for most recent quarter is 3.51. Stock's twelve month price oscillated between $10.74 and $2.35. The stock has a market capitalization of $985.05, a price-to-earnings ratio of 11.32 and a beta of 0.53.

Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on February, 23. After $-0.33 actual earnings per share reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts -254.55% EPS growth. For the current quarter J.C. Penney Company Inc (NYSE:JCP) has high EPS estimates of $0.73 in contradiction of low EPS estimates of $0.3. During the same period past year, the company earned ($0.21) earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. "Holding Company (JCP) Posts Earnings Results, Beats Expectations By $0.10 EPS" was originally reported by BBNS and is the sole property of of BBNS.

TRADEMARK VIOLATION WARNING: This report was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was copied illegally and reposted in violation of global trademark and copyright law. Insider ownership increased by a total of 343243 shares, which suggests that JCP's key executives are feeling more optimistic about the outlook for the stock. As of the end of the quarter Teachers Retirement System Of THE State Of Kentucky had bought a total of 35,100 shares growing its position 39.8%. Grassi Investment Management now owns 18,400 shares of the department store operator's stock valued at $163,000 after buying an additional 6,400 shares during the period. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Deutsche Bank AG reiterated a "buy" rating and set a $12.00 price objective on shares of J.C. Penney in a research report on Monday, August 15th. 54,355,398 shares of the company traded hands, compared to its average volume of 20,020,596. Following the completion of the transaction, the chairman now owns 2,852,280 shares in the company, valued at approximately $9,925,934.40. The disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the business. Grassi Investment Management increased its position in J.C. Penney by 53.3% in the second quarter.

Amalgamated Bank trimmed its position by selling 503 shares a decrease of 1.2% in the quarter. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock worth $152,179,000 after purchasing an additional 24,491,676 shares during the last quarter. BMO Capital Markets lowered their price objective on shares of J.C. Penney Company, Inc. As of the end of the quarter American International Group Inc had acquired 13,477 shares growing its holdings by 5.8%. Company insiders own 1.02% of the company's stock. GA ADV increased its position in J.C. Penney by 2.8% in the second quarter. Tudor Investment Corp ET AL now owns 22,900 shares of the department store operator's stock worth $141,000 after acquiring an additional 2,600 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in J.C. Penney Company, Inc. Holding by 93.9% during the 2nd quarter.