J.C. Penney Co. (NYSE:JCP)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports.
Shares of J.C. Penney Co. (NYSE:JCP) traded up 1.54% on Wednesday, hitting $7.89. 16,683,189 shares of the company’s stock traded hands. J.C. Penney Co. has a 52 week low of $7.59 and a 52 week high of $27.00. The stock has a 50-day moving average of $12.09 and a 200-day moving average of $15.21. The company’s market cap is $1.740 billion.
J.C. Penney Co. (NYSE:JCP) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by $0.11. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted ($0.37) earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Analysts expect that J.C. Penney Co. will post $-6.08 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JCP. Analysts at Telsey Advisory Group cut their price target on shares of J.C. Penney Co. from $20.00 to $15.00 in a research note to investors on Wednesday. They now have a “not rated” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J.C. Penney Co. in a research note to investors on Tuesday. Finally, analysts at Sterne Agee downgraded shares of J.C. Penney Co. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $9.00 price target on the stock, down previously from $18.00. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. J.C. Penney Co. has an average rating of “Hold” and an average target price of $11.85.
J. C. Penney Company, Inc (NYSE:JCP), is a holding company.
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