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Consumer Company Stocks Climb as JC Penney Sales Rise - Consumer Roundup

Consumer Company Stocks Climb as JC Penney Sales Rise - Consumer Roundup

Holding Company (NYSE:JCP) from a buy rating to a neutral rating in a report published on Monday, October 30th, MarketBeat.com reports. The monthly stock performance comes in at -20.98%.

JCP has been the topic of a number of other reports. Analysts reported that the Price Target for J. C. Penney Company, Inc. might touch $5 high while the Average Price Target and Low price Target is $3.34 and $1.5 respectively. New York State Common Retirement Fund owned about 0.10% of J.C. Penney Company, Inc. At the moment, the average analyst rating for JCP is Hold. Holding from $5.50 to $6.50 and gave the stock a "hold" rating in a research report on Tuesday, August 8th.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Meanwhile, the average 12-month price target from Wall Street analysts is now $3.72, this means that the stock is underpriced by 32.527%.

Investors didn't have much hope for J.C. Penney's (NYSE: JCP) third-quarter earnings report after the department store operator released a awful financial update in late October. Piper Jaffray Companies set a $4.00 price objective on shares of J.C. Penney Company, Inc. The firm has a 50-day moving average price of $8.94 and a 200 day moving average price of $9.08. Holding (NYSE JCP) traded up $0.38 during mid-day trading on Monday, reaching $3.13.

Analysts had been expecting the worst: Two week ago, Penney cut its annual forecast and estimated that third quarter same-store sales would inch up 0.6% to 0.8%. J.C. Penney had a negative net margin of 2.56% and a negative return on equity of 4.66%. Net sales fell 1.7 percent to $2.81 billion in the fiscal third quarter, beating analysts' estimates of $2.77 billion. During the same quarter in the previous year, the business posted ($0.45) EPS. That compares with a loss of $67 million, or 22 cents per share in the year-ago quarter. At the moment, the 14-day ATR for J. C. Penney Company, Inc. The shares were sold at an average price of $9.33, for a total transaction of $361,593.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

As regular trading ended, EV Energy Partners, L.P. (EVEP) stock brought in a -$0.07 drop to $1.

J.C. Penney president and CEO Marvin Ellison at the J.C. Penney. The shares went down by -29.1% in value last month.

Net loss widened to $128 million, or 41 cents per share, in the quarter ended October 28, from $67 million, or 22 cents per share, a year earlier. Finally, Deutsche Bank AG raised their target price on J.C. Penney Company, Inc. IL now owns 33,625 shares of the department store operator's stock worth $156,000 after buying an additional 1,000 shares during the last quarter. SG Americas Securities LLC grew its position in shares of J.C. Penney Company, Inc.

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