Telsey Advisory Group equity researchers changed the status of J. C. Penney Company, Inc. (NYSE: JCP) shares to a “Market Perform” rating in the report published on November 16th, 2018. Other analysts, including Argus, also published their reports on JCP shares. Argus repeated the rating from the previous report, marking JCP under “Sell” rating, in the report published on November 16th, 2018. Additionally, JCP shares got another “Market Perform” rating from Telsey Advisory Group, setting a target price of $2 on the company’s shares, according to the report published in August 17th, 2018. On the other hand, BofA/Merrill Downgrade the “Underperform” rating for JCP shares, as published in the report on August 16th, 2018. Telsey Advisory Group seems to be going bullish on the price of JCP shares, based on the price prediction for JCP, indicating that the shares will jump from $4 to $3, giving the shares “Market Perform” rating based on their report from May 18th, 2018. Another “Underperform” rating came from Credit Suisse, providing a prediction for $3 price target according to the report published in March 13th, 2018.J. C. Penney Company, Inc. (JCP) Analysis
The present dividend yield for JCP owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -8.40%, hinting the company’s progress in the upcoming progress.
With having an insight into the fundamental values of J. C. Penney Company, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. JCP showed a rise of 46.15% within its YTD performance, with highs and lows between $0.92 – $3.54 during the period of 52 weeks, compared to the simple moving average of -12.52% in the period of the last 200 days.
In order to gain a clear insight on the performance of J. C. Penney Company, Inc. (JCP) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -21.40% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.30 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while JCP is currently recording an average of 10.45M in volumes. The volatility of the stock on monthly basis is set at 7.05%, while the weekly volatility levels are marked at 6.03%with -10.59% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $1.45, indicating growth from the present price of $1.52, which can represent yet another valuable research and analysis points that can help you decide whether to invest in JCP or pass.What to Look for When Analyzing J. C. Penney Company, Inc. Shares?
J. C. Penney Company, Inc. (JCP) is based in the USA and it represents one of the well-known company operating with Services sector. If you wish to compare JCP shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for J. C. Penney Company, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.81 is supported by the yearly ESP growth of -30.20%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 4.00%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 72.90% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in JCP Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in JCP in the recent period. That is how BlackRock Fund Advisors now has an increase position in JCP by 1.67% in the first quarter, owning 40.16 million shares of JCP stocks, with the value of $61.04 million after the purchase of an additional 659,162 shares during the last quarter. In the meanwhile, Contrarius Investment Management also increased their stake in JCP shares changed 0.00% in the first quarter, which means that the company now owns 14.56 million shares of company, all valued at $22.13 million after the acquisition of additional 0 shares during the last quarter.
Newport Trust Co. acquired a new position in J. C. Penney Company, Inc. during the first quarter, with the value of $21.54 million, and SSgA Funds Management, Inc. increased their stake in the company’s shares by 2.67% in the first quarter, now owning 351,018 shares valued at $20.5 million after the acquisition of the additional 13.49 million shares during the last quarter. In the end, Masters Capital Management LLC increased their position by 21.91% during the first quarter, now owning 10 million JCP shares, now holding the value of $15.2 million in JCP with the purchase of the additional 5,000,000 shares during the period of the last quarter. At the present, 72.90% of JCP shares are in the ownership of institutional investors.
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