J.C. Penney Company, Inc. Holdi (NYSE:JCP).
On June 27, 2017 the stock rating was set at “Hold” according to a Gordon Haskett report up from the previous “” rating. On May 15 the company was rated “Neutral” in a report from Baird which is down from the previous “Underweight” rating.
On May 15 the company was changed to a “Neutral” by Deutsche Bank a cut from the previous “Buy” rating. On December 2, 2016 the stock rating was rated “Buy” in a report from Bank of America which was a boost from the previous “” rating.
Equity analyst Guggenheim Securities added JCP to its research portfolio setting a rating of “Neutral”.
The company is now up since yesterday’s close of $4.56. Company chares are trading at $4.63 just a bit lower than the 50 day moving average which is $4.70 and barely below the 200 day moving average of $6.17. The 50 day moving average was down $-0.07 or -1.473% and the 200 day average went down $-1.54 or -24.928%.
J. C. Penney Company, Inc. (JCPenney), launched on January 22, 2002, is a holding company. The Business’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. 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. It fulfills online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers’ warehouses and by in store customer pick up. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney, home furnishings and appliances. In addition, its department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating..
In the latest earnings report the EPS was $-0.36 and is expected to be $0.47 for the current year with 309,996,000 shares outstanding. Analysts expect next quarter’s EPS to be $-0.14 with next year’s EPS anticipated to be $0.44.