J.C. Penney Company Inc (NYSE:JCP) shares traded -0.61% down during most recent session to reach at the closing price of $3.25. The stock exchanged hands 10.57 Million shares versus average trading capacity of 17.68 Million shares, yielding a market cap of $1.03 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $4.02 within the next 52-weeks. The mean target projections are based on 16 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 $8 and with a conservative view have low price target of $2.
Credit Suisse “Initiates Coverage On” J.C. Penney Company Inc (NYSE:JCP) in a research note issued to investors on 3/12/18 to Underperform with price target of $2.5.
Additionally on 10/31/17 Citigroup “Maintained” J.C. Penney Company Inc (NYSE:JCP) to Sell setting price target at $3 and on 10/30/17 BMO Capital “Maintained” the stock to Market Perform at $2.8. Furthermore on 10/30/17 B. Riley “Maintained” the stock to Neutral at $3.8.
On the other hand the company has Relative Strength Index (RSI 14) of 33.3 along with Average True Range (ATR 14) of 0.28, Consequently J.C. Penney Company Inc (NYSE:JCP)’s weekly and monthly volatility is 7.30%, 7.46% respectively. The company’s beta value is at 0.55.
In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts’ mean recommendation of 3. 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 $-0.37 and can go high up to $0.11. The consensus mean EPS for the current quarter is at $-0.21 derived from a total of 18 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.
Previously J.C. Penney Company Inc (NYSE:JCP) reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.1. The company posted an earnings surprise of 21.3%.
While considering growth estimates of the company, it has next quarter growth estimates of 111.1% whereas during current quarter it has -450% estimations over growth, comparing to the estimations of -22.7% during current year and 47.1% 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 $2.61 Billion according to 16 number of analysts, for the current quarter the company has high revenue estimates of $2.71 Billion in contradiction of low revenue estimates of $2.51 Billion. For the current year the company’s revenue estimates are $12.14 Billion compared to low analyst estimates of $12.03 Billion and high estimates of $12.54 Billion according to 17 number of analysts.
Currently J.C. Penney Company Inc (NYSE:JCP)’s shares owned by insiders are 1.2%, whereas shares owned by institutional owners are 81%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 8.68%.
J.C. Penney Company Inc (NYSE:JCP) 52-week high price stands at $6.39 and low price stands at $2.35, its price distance from 52-week high is -49.14% while its distance from 52-week low price is 38.3%. The stock hit its 52-week high on 03/29/17, and 52-week low on 11/08/17.
J.C. Penney Company Inc (NYSE:JCP)’s trailing twelve month revenues are $12.51 Billion, whereas its price to sales ratio for the same period is 0.08. Its book value per share for the most recent quarter is $3.46 while its price to book ratio for the same period is 0.94, as for as the company’s cash per share for the most recent quarter is $0.58, however its price to cash per share ratio for the same period is 5.56. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.