J C Penney (JCP) Earns Daily News Sentiment Rating of 0.11

Headlines about J C Penney (NYSE:JCP) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. J C Penney earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the department store operator an impact score of 46.9252424006904 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s analysis:

JCP has been the subject of several analyst reports. Zacks Investment Research raised shares of J C Penney from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Cowen set a $4.00 target price on shares of J C Penney and gave the stock a “hold” rating in a report on Thursday, November 30th. B. Riley set a $4.00 target price on shares of J C Penney and gave the stock a “hold” rating in a report on Monday, October 30th. BMO Capital Markets reduced their target price on shares of J C Penney from $4.00 to $2.75 and set a “market perform” rating for the company in a report on Monday, October 30th. Finally, Citigroup lowered shares of J C Penney from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.78.

J C Penney (NYSE:JCP) opened at $3.54 on Monday. J C Penney has a 52 week low of $2.35 and a 52 week high of $7.42. The company has a quick ratio of 0.16, a current ratio of 1.44 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $1,100.00, a P/E ratio of -5.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72.

J C Penney (NYSE:JCP) last posted its quarterly earnings results on Friday, November 10th. The department store operator reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.10. J C Penney had a positive return on equity of 7.60% and a negative net margin of 1.43%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company posted ($0.21) EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities analysts anticipate that J C Penney will post 0.1 earnings per share for the current fiscal year.

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About J C Penney

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.

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