Penney Company, Inc. (NYSE:JCP) Underpriced by 12.7%

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The brokerage now has a "hold" rating on the department store operator's stock. Citigroup Inc.'s price objective points to a potential upside of 35.59% from the company's previous close.

A number of research analysts have commented on the company. BidaskClub downgraded shares of J.C. Penney Company, Inc. Out of 6 Wall Street analysts rating J. C. Penney, 3 give it "Buy", 1 "Sell" rating, while 2 recommend "Hold". Bank of America upgraded J C Penney Company Inc (NYSE:JCP) on Friday, December 2 to "Buy" rating.

October 30 investment analysts at Susquehanna Bancshares maintained a stock rating of "Neutral" targeting a price of $8.50. Finally, Telsey Advisory Group lowered shares of J.C. Penney Company, Inc.

Shares of J.C. Penney Company, Inc. Holding from a "sell" rating to a "hold" rating in a research note on Tuesday, October 17th. Prudential Financial Inc. grew its position in J.C. Penney Company, Inc. Holding in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. At the moment, the average analyst rating for JCP is Hold.

A smart way of assessing a company's profitability is by checking out its latest Earnings per Share (EPS).

The company now has an insider ownership of 1.9 Percent and Institutional ownership of 72.3 Percent. Holding has a 1 year low of $2.35 and a 1 year high of $10.74. The company has market cap of $1.01 billion.

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J.C. Penney (NYSE:JCP) last released its quarterly earnings data on Friday, November 11th.

For the current quarter, 20 analysts are projecting a mean EPS of $0.49/share. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. The return on assets stands at -1.3%, Return on Equity now is -9.6% and the Return on Investment value is 5.9%. The company's revenue for the quarter was down 1.8% compared to the same quarter past year. sell-side analysts predict that J.C. Penney Company, Inc.

Valuation Ratios of J.C. Penney Company, Inc.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law. The correct version of this piece can be read at https://weekherald.com/2017/11/12/b-riley-analysts-give-j-c-penney-company-inc-holding-company-jcp-a-4-00-price-target.html. Zacks Investment Research lowered shares of J.C. Penney Company, Inc. Karp Capital Management Corp bought a new stake in shares of J.C. Penney Company, Inc. The shares were purchased at an average cost of $3.48 per share, with a total value of $348,000.00. This works out to a net decrease in ownership of 2.33 million shares, and suggests that institutions are feeling bearish about the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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. Following the transaction, the director now owns 68,123 shares of the company's stock, valued at approximately $246,605.26. The disclosure for this purchase can be found here. According to their observations and findings, the stock could provide a high EPS of $0.73/share and a low EPS of $0.3/share. Institutional investors own 71.99% of the company's stock. BlackRock Inc. boosted its stake in shares of J.C. Penney Company, Inc. Holding by 33.6% in the first 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. California Public Employees Retirement System grew its position in J.C. Penney Company, Inc. Holding by 502.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 58,490 shares of the department store operator's stock worth $360,000 after acquiring an additional 6,090 shares in the last quarter. Legal & General Group Plc grew its position in J.C. Penney Company, Inc. Holding by 5.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. raised its position in J.C. Penney Company, Inc.

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