J.C. Penney Company Inc (NYSE:JCP) shares traded 1.48% up during most recent session to reach at the closing price of $4.79. The stock exchanged hands 7.71 Million shares versus average trading capacity of 19.62 Million shares, yielding a market cap of $1.46 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.66 within the next 52-weeks. The mean target projections are based on 20 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have J.C. Penney Company Inc (NYSE:JCP) high price target of $15 and with a conservative view have low price target of $4.
Baird “Downgrades” J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 5/15/17 to Neutral with price target of $0.
Additionally on 5/15/17 Deutsche Bank “Downgrades” J.C. Penney Company Inc (NYSE:JCP) to Hold setting price target at $0 and on 5/09/17 Gordon Haskett “Initiates Coverage On” the stock to Reduce at $5. Furthermore on 2/27/17 B. Riley “Downgrades” the stock to Neutral at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 43.97 along with Average True Range (ATR 14) of 0.22, Consequently J.C. Penney Company Inc (NYSE:JCP)’s weekly and monthly volatility is 4.60%, 5.16% respectively. The company’s beta value is at 0.48.
In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts’ mean recommendation of 2.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts J.C. Penney Company Inc (NYSE:JCP)’s minimum EPS for the current quarter is at $-0.14 and can go high up to $0.06. The consensus mean EPS for the current quarter is at $-0.06 derived from a total of 21 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.05 earnings per share for the same quarter during last year.
Previously J.C. Penney Company Inc (NYSE:JCP) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.21 by $0.27. The company posted an earnings surprise of 128.6%.
While considering growth estimates of the company, it has next quarter growth estimates of 33.3% whereas during current quarter it has -20% estimations over growth, comparing to the estimations of 487.5% during current year and -6.4% for next year. Past 5 years growth of J.C. Penney Company Inc (NYSE:JCP) observed at 9.37%, looking forward for the next 5 years it has a strong prediction of -28% over growth.
J.C. Penney Company Inc (NYSE:JCP)’s revenue estimates for the current quarter are $2.83 Billion according to 19 number of analysts, for the current quarter the company has high revenue estimates of $2.97 Billion in contradiction of low revenue estimates of $2.73 Billion. For the current year the company’s revenue estimates are $12.19 Billion compared to low analyst estimates of $11.72 Billion and high estimates of $12.5 Billion according to 20 number of analysts.
Currently J.C. Penney Company Inc (NYSE:JCP)’s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 80.4%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -7.58%.
J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $11.30 and low price stands at $4.17, its price distance from 52-week high is -57.61% while its distance from 52-week low price is 14.87%. The stock hit its 52-week high on 08/15/16, and 52-week low on 05/15/17.
J.C. Penney Company Inc (NYSE:JCP)’s trailing twelve month revenues are $12.55 Billion, whereas its price to sales ratio for the same period is 0.12. Its book value per share for the most recent quarter is $4.38 while its price to book ratio for the same period is 1.09, as for as the company’s cash per share for the most recent quarter is $2.91, however its price to cash per share ratio for the same period is 1.65. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.