JC Penney Holding On To Strong Gain In Afternoon Trading

(NYSE:JCP) in a research report sent to investors on Monday morning. Adjusted for one-time changes, the loss was 33 cents a share, less than analysts had expected. The brokerage presently has a "hold" rating on the department store operator's stock. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Holding and gave the company a "hold" rating in a report on Friday, August 11th. The company's distance from 52-week high price is -29.80% and the current price is 38.25% away from 52-week low price. Holding from a "hold" rating to a "buy" rating in a research note on Tuesday, August 1st. Robert W. Baird set a $3.00 target price on shares of J.C. Penney Company, Inc. Holding from a sell rating to a hold rating in a report on Tuesday, October 17th. The stock now has a consensus rating of Hold and a consensus target price of $11.44. (NYSE:JCP) advice adding it to buy candidate list. (NASDAQ:INCR) posting a -28.43% after which it closed the day' session at $41.15 and the company has experienced volume of 3,979,815 shares while on average the company has a capacity of trading 773.66K share while its relative trading volume is 5.14. Its book value per share for the most recent quarter is $3.72 while its price to book ratio for the same period is 0.74, as for as the company's cash per share for the most recent quarter is $0.94, however its price to cash per share ratio for the same period is 2.93. Holding Company has a 52 week low of $2.35 and a 52 week high of $10.74. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53.

J.C. Penney's net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier, partly because of the heavy discounting. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion.

Same-store sales were up 1.7%, exceeding the company's previously announced guidance of 0.6% to 0.8% comparable store growth.

Northcoast Research cut shares of J.C. Penney Company, Inc.

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J.C. Penney posted weak earnings for the third quarter. The stock was bought at an average cost of $3.62 per share, with a total value of $90,500.00.

Last month, the company said that it expected a per-share loss of between 40 and 45 cents for the quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). The disclosure for this purchase can be found here. After a recent check, the 14-day RSI for Multicell Techs Inc is now at 53.19, the 7-day stands at 57.04, and the 3-day is sitting at 68.94.

However, on Friday, J.C. Penney reported that its third-quarter results weren't quite as bad as its recent guidance update had suggested. "Holding Company (JCP) Updates FY18 Earnings Guidance" was first posted by Week Herald and is owned by of Week Herald. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark law.

(Copyright © 2015. All Rights Reserved.)
 
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