J.C. Penney Company Holding Company (JCP) : 8 brokerage houses believe that J.C. Penney Company Holding Company (JCP) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on J.C. Penney Company Holding Company (JCP). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.38.
J.C. Penney Company Holding Company (JCP) : The highest short term price target forecast on J.C. Penney Company Holding Company (JCP) is $19 and the lowest target price is $7. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $11.18 with a standard deviation of $3.59.
Company shares have received an average consensus rating of Hold for the current week J.C. Penney Company Holding Company (NYSE:JCP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.62 and $9.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.94, notching a gain of 8.63% for the day. The total traded volume was 48,593,564 . The stock had closed at $9.15 on the previous day.
In a related news, Tysoe Ronald W, director of J C Penney Co Inc, executed a transaction worth $181,000 on May 17, 2016. A total of 25,000 shares were purchased at an average price of $7.24. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
J. C. Penney Company, Inc. (JCPenney) is a holding company. The Companys operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Companys business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. The Companys 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 and home furnishings. The Companys department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.