An issue of J C Penney Company Inc (NYSE:JCP) bonds rose 0.7% as a percentage of their face value during trading on Tuesday. The debt issue has a 5.65% coupon and is set to mature on June 1, 2020. The debt is now trading at $99.15 and was trading at $99.00 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Several equities analysts have weighed in on JCP shares. Zacks Investment Research raised J C Penney from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. B. Riley set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a research report on Monday, October 30th. Cowen set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a research report on Sunday, October 29th. Robert W. Baird set a $3.00 price target on J C Penney and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, Piper Jaffray Companies set a $3.00 price target on J C Penney and gave the stock a “hold” rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a strong buy rating to the company. J C Penney presently has an average rating of “Hold” and a consensus target price of $4.78.
Shares of J C Penney Company Inc (NYSE JCP) traded up $0.07 during trading hours on Tuesday, hitting $3.54. The stock had a trading volume of 8,041,691 shares, compared to its average volume of 17,100,000. The stock has a market capitalization of $1,100.00, a P/E ratio of -5.80, a P/E/G ratio of 1.27 and a beta of 0.72. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.16 and a current ratio of 1.44. J C Penney Company Inc has a twelve month low of $2.35 and a twelve month high of $7.42.
J C Penney Company Profile
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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