J.C. Penney Company Holding Company (JCP) : Analyst Rating Update

J.C. Penney Company Holding Company (JCP) : The consensus on J.C. Penney Company Holding Company (JCP) based on 18 analyst recommendation on the company stock is 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

J.C. Penney Company Holding Company (JCP) : Average target price received by J.C. Penney Company Holding Company (JCP) is $10.72 with an expected standard deviation of $3.69. The most aggressive target on the stock is $19, whereas the most downbeat target is $5. 16 financial analysts are currently covering the stock.

J.C. Penney Company Holding Company (NYSE:JCP): The stock opened at $8.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.67 for the day. The stock traded down to $8.30 during the day, due to lack of any buying support eventually closed down at $8.54 with a loss of -1.39% for the day. The stock had closed at $8.66 on the previous day. The total traded volume was 15,867,741 shares.

Also, Morgan Stanley maintains its view on J.C. Penney Company Holding Company (NYSE:JCP) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $8 per share to $7.5 per share on J.C. Penney Company Holding Company. The rating by the firm was issued on May 16, 2016. The company shares have dropped -3.99% from its 1 Year high price. On Mar 8, 2016, the shares registered one year high at $11.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.23 and the 200 Day Moving Average price is recorded at $8.66.

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.

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