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.

Hedge funds have recently added to or reduced their stakes in the company. Syntal Capital Partners LLC purchased a new stake in shares of J C Penney during the fourth quarter worth about $126,000. Piedmont Investment Advisors LLC purchased a new stake in shares of J C Penney during the second quarter worth about $311,000. Teacher Retirement System of Texas increased its stake in shares of J C Penney by 313.7% during the fourth quarter. Teacher Retirement System of Texas now owns 106,538 shares of the department store operator’s stock worth $337,000 after purchasing an additional 80,788 shares in the last quarter. Keel Point LLC increased its stake in shares of J C Penney by 100.0% during the third quarter. Keel Point LLC now owns 108,000 shares of the department store operator’s stock worth $411,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of J C Penney by 101.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 110,878 shares of the department store operator’s stock worth $350,000 after purchasing an additional 55,814 shares in the last quarter. 72.82% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for J C Penney (NYSE:JCP)

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