Breaking: J. C. Penney (NYSE:JCP) “Market Perform” Rating Reiterated at Telsey Advisory Group Today; The Target Given is $3

May 18, 2018 - By Margarite Burden

J. C. Penney Company, Inc. (NYSE:JCP) Logo

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.37, from 1.19 in 2017Q3. It dived, as 47 investors sold J. C. Penney Company, Inc. shares while 68 reduced holdings. 39 funds opened positions while 55 raised stakes. 209.82 million shares or 5.58% less from 222.21 million shares in 2017Q3 were reported.

Hbk L P has 0.03% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 874,927 shares. California State Teachers Retirement Sys accumulated 489,182 shares. Cibc Asset Mngmt Incorporated reported 0% of its portfolio in J. C. Penney Company, Inc. (NYSE:JCP). Millennium Management Ltd Liability Company reported 436,302 shares stake. Aristotle Fund Limited Partnership holds 911,000 shares or 2.67% of its portfolio. Natixis stated it has 0.01% in J. C. Penney Company, Inc. (NYSE:JCP). 2,294 are held by Federated Investors Pa. 246,812 were reported by Amer Int Gp Incorporated. Great West Life Assurance Com Can reported 391,595 shares or 0% of all its holdings. Moreover, Paloma Prns Mgmt Co has 0.01% invested in J. C. Penney Company, Inc. (NYSE:JCP) for 122,701 shares. Metropolitan Life Com reported 85,942 shares. Alliancebernstein Ltd Partnership reported 380,500 shares. 47,796 were reported by Parallax Volatility Advisers Limited Partnership. Credit Suisse Ag stated it has 0% in J. C. Penney Company, Inc. (NYSE:JCP). Tci Wealth Advsr Inc reported 400 shares or 0% of all its holdings.

J. C. Penney (NYSE:JCP) Rating Reaffirmed

The firm has just set a price target of $3 on J. C. Penney (NYSE:JCP) shares. This is 11.52 % from the current price. In a report issued on 18 May, Telsey Advisory Group kept their “Market Perform” rating on shares of JCP.

J. C. Penney Company, Inc. (NYSE:JCP) Ratings Coverage

Among 6 analysts covering JC Penney (NYSE:JCP), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. JC Penney has $4.0 highest and $2.5 lowest target. $3.60’s average target is 33.83% above currents $2.69 stock price. JC Penney had 6 analyst reports since January 4, 2018 according to SRatingsIntel. Jefferies maintained J. C. Penney Company, Inc. (NYSE:JCP) rating on Thursday, January 4. Jefferies has “Hold” rating and $4.0 target. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. Susquehanna maintained the stock with “Hold” rating in Tuesday, January 23 report. The stock has “Hold” rating by Robert W. Baird on Thursday, January 4.

The stock decreased 12.38% or $0.38 during the last trading session, reaching $2.69. About 73.63M shares traded or 307.31% up from the average. J. C. Penney Company, Inc. (NYSE:JCP) has declined 48.12% since May 18, 2017 and is downtrending. It has underperformed by 59.67% the S&P500.

J. C. Penney Company, Inc., through its subsidiary J. The company has market cap of $843.99 million. C. It currently has negative earnings. Penney Corporation, Inc., sells merchandise through department stores.

More notable recent J. C. Penney Company, Inc. (NYSE:JCP) news were published by: Fool.com which released: “JC Penney Has an Underappreciated Opportunity: Toys” on May 14, 2018, also Benzinga.com with their article: “Market Appears Directionless Amid Geopolitical, Retail, Housing News” published on May 16, 2018, Nasdaq.com published: “JC Penney Company Inc Shares Tank on Guidance Cut, Falling Sales” on May 17, 2018. More interesting news about J. C. Penney Company, Inc. (NYSE:JCP) were released by: 247Wallst.com and their article: “JC Penney Results, Outlook Send Shares Plummeting” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “JCPenney’s (JCP) CEO Marvin Ellison on Q1 2018 Results – Earnings Call Transcript” with publication date: May 17, 2018.

J. C. Penney Company, Inc. (NYSE:JCP) Institutional Positions Chart

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