Price Target Update on J C Penney Company Inc (NYSE:JCP)

Sell-side equity research analysts have handed shares of J C Penney Company Inc (NYSE:JCP) a short term price target of $12.269. Based on the 13 firms providing predictions, this is the mean, or consensus number according to Zacks Research. Investment analysts will project a certain price level that they anticipate the stock price reaching. Analysts may have different opinions on where a stock is headed. They may use different techniques to project a future price level.

Using technical analysis, analysts and traders may use previous support and resistance levels to help determine a realistic target. Price target estimates may vary drastically from analyst to analyst. The highest current target price estimate provided by analysts polled by Zacks Research stands at $20. The lowest target price estimate from these same analysts is $7. 

Zacks research also gives calculated recommendations from sell-side analysts that cover company shares. These recommendations land on a simplified scale provided by Zacks Research. Using data provided from various analysts, shares of J C Penney Company Inc (NYSE:JCP) are presently listed with an ABR of 2.47. This number is using a recommendation scale where the ratings range from a 1 to a 5. Following this scale, a 1 would signify a Strong Buy while a 5 would represent a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is broadly thought to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $-0.19. For the period ending 2016-07-31, J C Penney Company Inc (NYSE:JCP) reported actual EPS of $-0.05. This number was $0.1 away from analyst predictions, providing a surprise factor of 66.67%. The company is expected to next release earnings on or around 2016-11-11.

The data in this report is in part provided by Zacks Research and Yahoo Finance.  The author does not have, nor plans to take any position in J C Penney Company Inc shares within the next 14 days.  Readers should not consider this as a recommendation to buy or sell company stock.  This piece is for informational purposes only.  Potentialy investors should always conduct full research before making investment decisions. 

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