Brokerages Set J C Penney Company Inc (JCP) Price Target at $4.42
J C Penney Company Inc (NYSE:JCP) has received a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $4.42.
Several research analysts recently issued reports on the stock. Piper Jaffray Companies set a $3.00 target price on shares of J C Penney and gave the stock a “hold” rating in a report on Friday, October 27th. Atlantic Securities cut shares of J C Penney from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. Robert W. Baird set a $3.00 price objective on shares of J C Penney and gave the company a “hold” rating in a report on Sunday, October 29th. Jefferies Group set a $3.00 price objective on shares of J C Penney and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Susquehanna Bancshares cut shares of J C Penney from a “positive” rating to a “neutral” rating and set a $3.00 price objective for the company. in a report on Tuesday, October 31st.
J C Penney (NYSE:JCP) traded up $0.08 during trading hours on Friday, hitting $3.55. 7,228,912 shares of the stock traded hands, compared to its average volume of 16,885,129. J C Penney has a 1-year low of $2.35 and a 1-year high of $7.42. The company has a quick ratio of 0.16, a current ratio of 1.44 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $1,110.00, a P/E ratio of -5.77, a P/E/G ratio of 1.27 and a beta of 0.72.
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About J C Penney
J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.
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