- C. Penney Company, Inc. (NYSE:JCP) shares saw a recent bid of $4.71 and 41.42M shares have exchanged hands in the recent trading session, yielding a -13.26% decline over the past week.JCP price decreased -8.72% or $0.45 versus $5.16 at the end of the prior session. This change led market cap to move at $1.46B, putting the price -58.32% below the 52-week high and 12.95% above the 52-week low. The company’s stock has a normal trading capacity of 18.04M shares while the relative volume is 2.30.
Is J. C. Penney Company, Inc. (NYSE:JCP) Worth Buying?
By historical standards, J. C. Penney Company, Inc. (NYSE:JCP) remains a cheap stock. JCP’s current price-earnings ratio amounts above the average P/E ratio of 59.62 times earnings. For now, JCP is the toast of Wall Street as its ABR stands at 2.70 with 3 out of 23 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 37.88% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price down -43.32% since January. Over the past 2 quarters, J. C. Penney Company, Inc. (NYSE:JCP) is down -33.38%, compared with a fall of nearly -10.96% for 3 months and about 1.95% for the past 30 days.
J. C. Penney Company, Inc. (JCP) Has Mean Target Price of $5.85
To stay one step ahead we extended our research by comparing different price targets. J. C. Penney Company, Inc. (NYSE:JCP) notched a 12-month high of $6.51 while $15.00 target is by far the most aggressive out of analysts who are currently evaluating JCP, $8.49 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $4.00, which would be decrease of about -15% of its current value. The mean target of $5.85 should be compared with the price when the stock was languishing around $4.17 a share. And it remains to be seen which target price JCP can achieve without sacrificing much as the company is holding a -48.52% fall for the past twelve months.
J. C. Penney Company, Inc. Revenue Estimate is $12.57 Billion
Last time, the company failed Wall Street by reporting EPS of $-0.30, smashing the consensus of $-0.21 per share. Revenue for the quarter also did not kill consensus, coming in at $2.71 Billion, compared to the consensus of 2.77 Billion. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.14. The company is expected to report EPS as high as $-0.07 and as low as $-0.25 per share. Similarly, full-year EPS forecasts have ranged between $-0.06 and $0.10. The mean EPS estimate is $0.03. On the other side, sales forecasts for the current quarter are $2.73 Billion. The stock is expected to report revenue as high as $2.85 Billion and as low as $2.61 Billion per share. Similarly, full-year sales forecasts have ranged between $12.53 Billion and $12.68 Billion. The mean revenue estimate is $12.57 Billion.
Over the last 5 years, J. C. Penney Company, Inc. has averaged a 14.90% YoY EPS growth rate and a -6.20% revenue growth rate. Analysts are expecting EPS growth rates to be at 100.20% this quarter and EPS estimate for next year reflect -11.50% growth rate.
What Guru’s think About Is J. C. Penney Company, Inc. (NYSE:JCP)
Sell-side analysts also have something to say about this JCP. Gordon Haskett raised its rating on J. C. Penney Company, Inc. to Hold on 27/06/2017 in a reversal from its prior Reduce rating. Telsey Advisory Group analysts stated on 15/05/2017 that they maintained their Outperform rating. Robert W. Baird had a markedly different take on 15/05/2017, proposing that JCP is now considered Neutral versus prior Outperform rating. Deutsche Bank had a markedly different take on 15/05/2017, proposing that JCP is now considered Hold versus prior Buy rating.