JC Penney Company Inc (JCP) Moves on Morgan Stanley Upgrade

J C Penney Company Inc

Sheaff Brock Investment Advisors LLC now owns 11,900 shares of the department store operator's stock valued at $110,000 after buying an additional 500 shares in the last quarter.

J C Penney Company Inc has been struggling lately. In the last 27 earnings reports, the company has topped earnings-per-share estimates 58% percent of times. Institutional investors and hedge funds own 85.70% of the company's stock.

Several analysts are now covering the company.

According to FactSet data, JCP stock has received different ratings from Financial Analysts.

The consensus recommendation for J. C. Penney Company, Inc. Holding Company during the second quarter worth $767,000. (NYSE:DAL) has announced plans to acquire up to an additional 32% stake in the outstanding capital shareholding of Grupo AeroMéxico S.A.B.de C.V. through a cash tender offer of MXP43.59 peso (USD2.14) per share.

J.C. Penney Company, Inc. Holding Company during the third quarter valued at approximately $102,000.

Several company insiders have filed Insider transactions, on Nov 21, 2016, John Joseph Iii Tighe (EVP, Chief Merchant) sold 38,756 shares at $9.33 per share price.

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Shares of J.C. Penney Company, Inc. The stock is now trading 11.93 percent higher from its SMA-50. The company has a market capitalization of $2.14 Billion. The stock price recently experienced a 5-day gain of 5.88% with 0.3 average true range (ATR). Elkfork Partners LLC purchased a new position in J.C. Penney Company, Inc. The stock touched its 52-Week High on Mar 8, 2016 and 52-Week Low on Jan 30, 2017. The department store operator reported ($0.21) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.21). The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion. The business's revenue for the quarter was down 1.4% compared to the same quarter previous year. During the same quarter in the previous year, the business posted ($0.45) earnings per share. For this year, consensus EPS target is $0.37.

JCP has been the subject of a number of research reports. Holding Company from a hold rating to a sell rating in a report on Thursday, February 2nd.

About J.C. Penney Company, Inc. During the trading on 02/10/2017, Company's stock ranged from $7.00 to $7.40. Guggenheim initiated coverage on shares of J.C. Penney Company, Inc. The brokerage had Neutral rating prior to this move. Bank of America Corporation raised shares of J.C. Penney Company, Inc. The 52-week low of the share price is at $6.35.

J. C. Penney Company, Inc. (NYSE:JCP) right now sits at consensus rating of 2.50 while 7 analysts have advocated the shares as "BUY", 4 calls it an "OUTPERFORM" and 9 suggest "HOLD". (NYSE:JCP) might hit $10.1, however, the High Price Target and Low price Target are $15 and $7, respectively. The company's Relative strength index is 47.25. The short ratio in the company's stock is documented at 3.50 and the short float is around of 23.29%.

About J.C. Penney Company, Inc. Holding Company by 12.8% in the second quarter. The Company's operating subsidiary is J. C. Penney Corporation, Inc (JCP).

Want to see what other hedge funds are holding JCP?

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