Press coverage about J C Penney (NYSE:JCP) has trended somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. J C Penney earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the department store operator an impact score of 47.360327583021 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Investors watching Unusual Volume on JC Penney Company, Inc. (JCP) – Wall Street Morning (wallstreetmorning.com)
- Where to look at buying opportunities on JC Penney Company, Inc. (JCP) – Wall Street Morning (wallstreetmorning.com)
- Today’s Hot Mover: JC Penney Company Inc (NYSE: JCP) – Alpha Beta Stock (alphabetastock.com)
- Sears Stock Falls on Mixed Fiscal 4Q17 Results (finance.yahoo.com)
- How CEO Edward Lampert Is Trying to Save Sears (finance.yahoo.com)
A number of research analysts recently commented on the stock. Guggenheim reaffirmed a “hold” rating on shares of J C Penney in a research report on Friday, March 2nd. Piper Jaffray Companies set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research report on Wednesday, January 10th. B. Riley set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research report on Friday, January 5th. ValuEngine downgraded shares of J C Penney from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Robert W. Baird set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.31.
J C Penney (NYSE:JCP) last issued its quarterly earnings data on Friday, March 2nd. The department store operator reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.10. J C Penney had a negative net margin of 0.93% and a positive return on equity of 5.65%. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the firm posted $0.64 EPS. J C Penney’s revenue for the quarter was up 1.8% on a year-over-year basis. equities analysts anticipate that J C Penney will post 0.16 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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