J. C. Penney Company, Inc. (NYSE:JCP) registered a 1.53% increase, still its new closing price is 4.72% up from the company’s 1 year high of 11.99.It posted -4.32% losses in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 6 buy or better ratings. The 23 stock analysts following this company have an average price target at $10.21, with individual PT in the $7.00-$15.00 range. The shares moved at $6.65, implying that brokerage firms see shares losing about -10.86% in twelve months time.
J. C. Penney Company, Inc. (JCP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -19.98% fall year to date. A EVP, Chief Merchant at J. C. Penney Company, Inc. (JCP) offloaded shares in a transaction closed on Friday November 18, 2016. Tighe John Joseph III sold 38,756 shares in the company at $9.33 each and collected $361,001 in proceeds. Tighe John Joseph III now owns 218,439 shares in the company after this transaction. A Chairman and CEO in the company, Ellison Marvin R, disclosed a transaction on Thursday August 25, 2016 that ended up paying $496,000 from the purchase of 50,000 shares at $9.92 per share.
J. C. Penney Company, Inc. (NYSE:JCP) Upcoming Results on Tap
J. C. Penney Company, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.19 in that period. Sales during the quarter are predicted to arrive at $2.85 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.86 billion in revenue and EPS of $-0.21. The mean forecast was for $2.95 billion and $-0.21 a share, respectively. One quarter earlier, revenue for the stock was at $2.92 billion, with earnings at $-0.05/share.
J. C. Penney Company, Inc. (JCP) Brokerage Update
J. C. Penney Company, Inc. (JCP) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by Credit Suisse, according to news reported on Wednesday January 18, 2017.Another important research note was issued by BofA/Merrill on Friday December 02, 2016.The firm upgraded JCP to Buy from Neutral. Over the last six months and over the last three months, the shares of J. C. Penney Company, Inc. (JCP), have changed -31.51% and -21.58%, respectively.