Economy

The Value of JC Penney Company, Inc. (NYSE:JCP) Underpriced by 32.5%?

The Value of JC Penney Company, Inc. (NYSE:JCP) Underpriced by 32.5%?

Several research analysts have recently issued reports on the company.

Shares of J.C. Penney Co. Holding and gave the company a "hold" rating in a report on Friday, August 11th. For the next 5 years, J. C. Penney Company, Inc.is expecting Growth of -28% per annum, whereas in the past 5 years the growth was 9.37% per annum. Holding and gave the stock a "hold" rating in a research report on Friday, October 27th.

"You're going to see in our new holiday campaign a huge emphasis on value and price", J.C. Penney CEO Marvin Ellison said on a call to discuss earnings, noting that where the retailer did not have a centralized pricing strategy just over a year ago, it would now be aggressive on pricing online and in stores. Zacks Investment Research cut shares of J.C. Penney Company, Inc. Our growth strategies and new apparel initiatives led to sequential comp sales improvement in almost all merchandise categories in the third quarter, giving us confidence that our overall strategy and transformation is beginning to take hold. Holding from a "sell" rating to a "buy" rating and set a $5.75 price objective on the stock in a research note on Tuesday, July 18th. Argus reissued a "hold" rating on shares of J.C. Penney in a research report on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. "Holding Company (NYSE:JCP) Given a $4.00 Price Target at Cowen and Company" was originally posted by StockNewsTimes and is owned by of StockNewsTimes.

More news: Pay for your pizza using Facebook Messenger!

On the other hand the company has Relative Strength Index (RSI 14) of 38.09 along with Average True Range (ATR 14) of 0.22, Consequently J.C. Penney Company Inc (NYSE:JCP)'s weekly and monthly volatility is 11.28%, 7.06% respectively. The company has a current ratio of 1.45, a quick ratio of 0.24 and a debt-to-equity ratio of 3.51. Holding by 10.6% in the second quarter. Holding (NYSE:JCP) last released its earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.18) by ($0.15). The Return on Equity (ROE) value stands at -9.6%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm earned ($0.45) EPS.

Equifax Inc. (EFX) - The Atlanta-based collector and seller of consumer credit data said its net income slumped about 27 percent in the third quarter, weighed down by costs related to its data breach that exposed the personal information of 145 million Americans earlier this year. During the same quarter a year ago, the business earned ($0.21) earnings per share. Citigroup Inc. boosted their target price on J.C. Penney Company, Inc. The original version of this article can be viewed at https://stocknewstimes.com/2017/11/11/j-c-penney-company-inc-holding-company-jcp-given-a-4-00-price-target-at-cowen-and-company.html. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & global copyright and trademark laws.

In other J.C. Penney Company, Inc.


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