Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

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Analysts’ Recommendations Stocks in Review: J C Penney Company Inc (NYSE:JCP)

http://www.journalfinance.net/2017/03/analysts-recommendations-stocks-in-review-j-c-penney-company-inc-nysejcp-aetna-inc-nyseaet/


$JCP


On Thursday, Shares of J C Penney Company Inc (NYSE:JCP) gained 0.82% to $6.15. The share price is trading in a range of $6.02 – 6.25. The stock exchanged hands with 23.26 million shares contrast to its average daily volume of 19.76 million shares.

JC Penney advanced 5.35% to close at $6.10 on Wednesday. The stock traded between $6.30 and $5.76 on volume of 34.85 million shares traded. What can be described as “Sears in Reverse,” the company had declared in February its first annual profit since 2010 together with the closure of underperforming stores. The combination of moving into the blank spaces vacated by Sears and reducing expenses can be attributed in part to the day’s price rise. Yet shareholders, perhaps with good reason, avoided committing to the company.

Standard & Poor’s upgraded the credit rating of JC Penney on Monday, March 13th. Its new rating is B-plus. The price of the stock on that date fell 5.82% to $5.99 a share. The company presently has over 1,000 operational stores. Given the current status of the retail industry, the question that still remains in the minds of shareholders is whether JC Penney is a bargain or a long term loss.

J C Penney Company Inc (NYSE:JCP) have shown a high EPS growth of 14.90% in the last 5 years and has earnings growth of 363.90% yoy. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -46.52% below its 52-week highs and is up 11.82% for the last five trades.