J.C. Penney Company, Inc. Holding Company (JCP) Now Covered by Analysts at Piper Jaffray Companies

Analysts at Piper Jaffray Companies began coverage on shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) in a research note issued on Friday. The firm set a “neutral” rating and a $8.00 price target on the department store operator’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 13.80% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Morgan Stanley raised shares of J.C. Penney Company, Inc. Holding Company from an “underweight” rating to an “equal weight” rating and set a $7.00 target price on the stock in a research note on Monday. They noted that the move was a valuation call. Susquehanna Bancshares Inc began coverage on shares of J.C. Penney Company, Inc. Holding Company in a research note on Friday, February 10th. They set a “positive” rating and a $8.50 target price on the stock. Vetr downgraded shares of J.C. Penney Company, Inc. Holding Company from a “strong-buy” rating to a “buy” rating and set a $7.76 target price on the stock. in a research note on Wednesday, February 8th. Zacks Investment Research downgraded shares of J.C. Penney Company, Inc. Holding Company from a “hold” rating to a “sell” rating in a research note on Thursday, February 2nd. Finally, Credit Suisse Group downgraded shares of J.C. Penney Company, Inc. Holding Company from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $6.86 to $7.00 in a research note on Wednesday, January 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.91.

Analyst Recommendations for J.C. Penney Company, Inc. Holding Company (NYSE:JCP)

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) traded down 0.498% on Friday, hitting $6.995. The company had a trading volume of 4,282,306 shares. J.C. Penney Company, Inc. Holding Company has a 12-month low of $6.35 and a 12-month high of $11.99. The stock’s market cap is $2.16 billion. The firm’s 50 day moving average price is $7.10 and its 200 day moving average price is $8.82.

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Institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC increased its position in J.C. Penney Company, Inc. Holding Company by 49.6% in the second quarter. A.R.T. Advisors LLC now owns 1,292,748 shares of the department store operator’s stock valued at $11,479,000 after buying an additional 428,470 shares during the last quarter. TCW Group Inc. increased its position in J.C. Penney Company, Inc. Holding Company by 10.5% in the second quarter. TCW Group Inc. now owns 15,851,908 shares of the department store operator’s stock valued at $140,765,000 after buying an additional 1,511,885 shares during the last quarter. Lebenthal Asset Management LLC acquired a new position in J.C. Penney Company, Inc. Holding Company during the second quarter valued at approximately $5,147,000. Sasco Capital Inc. CT acquired a new position in J.C. Penney Company, Inc. Holding Company during the second quarter valued at approximately $767,000. Finally, Westport Resources Management Inc. increased its position in J.C. Penney Company, Inc. Holding Company by 3.7% in the second quarter. Westport Resources Management Inc. now owns 66,280 shares of the department store operator’s stock valued at $589,000 after buying an additional 2,380 shares during the last quarter. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

J.C. Penney Company, Inc. Holding Company Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes optimized applications for desktop, mobile and tablet devices.

5 Day Chart for NYSE:JCP

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