JC Penney (JCP) Coverage Initiated by Analysts at Credit Suisse Group

The company's quarterly revenue was up 1.8% compared to the same quarter a year ago. J. C. Penney Company, Inc. About 18.24 million shares traded or 4.13% up from the average. Germany-based Deutsche National Bank Ag has invested 0% in J. C. Penney Company, Inc. Over the past three months, the average daily trading volume came in at about 17.55 million shares per day. It has underperformed by 16.70% the S&P500. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. At a certain point in the past four quarters, the shares traded as low as $1.15 but made a 91.3% recovery since then. It has underperformed by 2.48% the S&P500.

Investors sentiment increased to 1.19 in Q3 2017. Its down 0.37, from 1.19 in 2017Q2.

Want to see what other hedge funds are holding JCP? A total volume of 1.66 million shares were traded versus to average volume of 1.59 million shares. The firm's shares opened today at 0. First Dallas Securities Inc. owns 492,825 shares or 1.3% of their U.S. portfolio. North Star Investment invested in 714 shares. South Dakota Investment Council holds 40,600 shares. (NYSE:JCP) were released by: Usnews.com and their article: "JC Penney Holiday Sales Miss the Mark" published on March 02, 2018 as well as Thestreet.com's news article titled: "Why JC Penney's Stock Might Crater 35% to $2.50" with publication date: March 13, 2018. JCPenney is one of America's leading retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation's largest general merchandise catalog business. (NYSE:JCP). Tiaa Cref Investment Limited invested in 0.01% or 2.88M shares. Finally, Piper Jaffray Companies set a $4.00 price objective on J C Penney and gave the company a "hold" rating in a research report on Wednesday, January 10th. Employees Retirement Association Of Colorado holds 55,945 shares or 0% of its portfolio. 765 were reported by Sei Invs.

When we look at the Analyst Recommendations of the stock, the company has 3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 10% are positive.

Analysts mean recommendation for the stock is 3. The firm has "Reduce" rating by Gordon Haskett given on Tuesday, May 9. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, November 4. As per Tuesday, May 23, the company rating was maintained by Oppenheimer. During the same period in the prior year, the firm posted $0.64 earnings per share. (NYSE:JCP) rating on Monday, May 15. BMO Capital Markets maintained J. C. Penney Company, Inc. SunTrust downgraded it to "Buy" rating and $4.0 target in Monday, August 24 report. Guggenheim reaffirmed a hold rating on shares of J C Penney in a research report on Friday, March 2nd. The stock of J. C. Penney Company, Inc. (NYSE:JCP) earned "Neutral" rating by Northcoast on Monday, October 30. On Tuesday, July 11 the stock rating was maintained by B. Riley & Co with "Hold". NY purchased a new position in shares of J C Penney in the fourth quarter worth about $272,000. (NYSE:JWN) to report earnings on May, 10. Because there must be a beginning, the first TR value is simply the High minus the Low, and the first 14-day ATR is the average of the daily TR values for the last 14 days.

Among 29 analysts covering J.C. Penney Company (NYSE:JCP), 3 have Buy rating, 5 Sell and 21 Hold. (NYSE:ZAYO) to report earnings on May, 8. The share last price represents downtick move of -49.14% in value from company's 52-Week high price and shows 38.30% above change in value from its 52-Week low price. Fmr Llc holds 13.67 million shares or 0.01% of its portfolio.

For the ongoing Fiscal Quarter, 13 analysts have an average earnings forecast of $0.24 per share. Smith Stephen M sold $4.74 million worth of stock or 10,706 shares. $542,920 worth of stock was sold by Gerspach John C on Tuesday, February 27. We have $3.60 PT which if reached, will make NYSE:JCP worth $92.52 million more. Therefore 73% are positive. The rating was upgraded by Buckingham Research on Wednesday, July 22 to "Buy". The stock of Nordstrom, Inc. The rating was maintained by Credit Suisse on Monday, September 21 with "Underperform". The mean rating score for this stock is at 1.90. Harvest Capital Strategies Llc, a California-based fund reported 341,894 shares. Its down 0.14, from 1.34 in 2017Q2. It worsened, as 39 investors sold ZAYO shares while 77 reduced holdings. 41 funds opened positions while 98 raised stakes. Utah Retirement invested in 0.03% or 34,000 shares. Institute For Wealth Mgmt Limited owns 28,150 shares. The Massachusetts-based Commonwealth Equity Service Inc has invested 0.05% in Nordstrom, Inc. (NYSE:ZAYO). Citigroup reported 490 shares stake. (NYSE:ZAYO) or 339 shares. Moreover, Fifth Third Commercial Bank has 0% invested in Zayo Group Holdings, Inc.

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