J.C. Penney Company Inc (NYSE:JCP) shares traded 2.12% up during most recent session to reach at the closing price of $3.85. The stock exchanged hands 15.44 Million shares versus average trading capacity of 19.2 Million shares, yielding a market cap of $1.2 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $5.57 within the next 52-weeks. The mean target projections are based on 19 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 $3.
Citigroup “Maintained” J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 8/14/17 to Neutral with price target of $4.
Additionally on 8/14/17 BMO Capital “Maintained” J.C. Penney Company Inc (NYSE:JCP) to Market Perform setting price target at $4 and on 8/11/17 Telsey Advisory Group “Downgrades” the stock to Market Perform at $0. Furthermore on 8/08/17 Deutsche Bank “Maintained” the stock to Hold at $6.5.
On the other hand the company has Relative Strength Index (RSI 14) of 33.9 along with Average True Range (ATR 14) of 0.23, Consequently J.C. Penney Company Inc (NYSE:JCP)’s weekly and monthly volatility is 4.61%, 5.22% respectively. The company’s beta value is at 0.62.
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 $-0.31 and can go high up to $-0.1. The consensus mean EPS for the current quarter is at $-0.18 derived from a total of 22 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.21 earnings per share for the same quarter during last year.
Previously J.C. Penney Company Inc (NYSE:JCP) reported $-0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.05 by $-0.04. The company posted an earnings surprise of -80%.
While considering growth estimates of the company, it has next quarter growth estimates of -4.7% whereas during current quarter it has 14.3% estimations over growth, comparing to the estimations of 437.5% during current year and -16.3% 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 $2.74 Billion according to 20 number of analysts, for the current quarter the company has high revenue estimates of $2.87 Billion in contradiction of low revenue estimates of $2.61 Billion. For the current year the company’s revenue estimates are $12.36 Billion compared to low analyst estimates of $11.94 Billion and high estimates of $12.64 Billion according to 21 number of analysts.
Currently J.C. Penney Company Inc (NYSE:JCP)’s shares owned by insiders are 2.2%, whereas shares owned by institutional owners are 74%. However the six-month change in the insider ownership was recorded 4.75%, as well as three-month change in the institutional ownership was recorded -7.42%.
J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $10.74 and low price stands at $3.45, its price distance from 52-week high is -64.15% while its distance from 52-week low price is 11.59%. The stock hit its 52-week high on 12/08/16, and 52-week low on 08/18/17.
J.C. Penney Company Inc (NYSE:JCP)’s trailing twelve month revenues are $12.49 Billion, whereas its price to sales ratio for the same period is 0.1. Its book value per share for the most recent quarter is $3.72 while its price to book ratio for the same period is 1.03, as for as the company’s cash per share for the most recent quarter is $1.01, however its price to cash per share ratio for the same period is 3.81. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.