J.C. Penney Co. (NYSE:JCP)‘s stock had its “neutral” rating reiterated by Goldman Sachs Group Inc. in a research note issued on Thursday, Stock Ratings News reports. They currently have a $10.00 price target on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 5.93% from the stock’s previous close.
JCP has been the subject of a number of other recent research reports. Analysts at Oppenheimer reiterated a “market perform” rating on shares of J.C. Penney Co. in a research note to investors on Wednesday. They now have a $8.00 price target on the stock, up previously from $7.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J.C. Penney Co. in a research note to investors on Friday, November 8th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.20.
J.C. Penney Co. (NYSE:JCP) traded down 2.01% on Thursday, hitting $9.25. 10,891,902 shares of the company’s stock traded hands. J.C. Penney Co. has a 1-year low of $6.24 and a 1-year high of $23.10. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $13.55. The company’s market cap is $2.040 billion. J.C. Penney Co. also saw some unusual options trading activity on Wednesday. Investors purchased 69,110 put options on the stock. This represents an increase of 150% compared to the typical volume of 27,662 put options.
J.C. Penney Co. (NYSE:JCP) last released its earnings data on Wednesday, November 20th. The company reported ($1.81) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.72) by $0.09. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted ($0.93) earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that J.C. Penney Co. will post $-6.13 EPS for the current fiscal year.
J. C. Penney Company, Inc (NYSE:JCP), is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.