An issue of J C Penney Company Inc (NYSE:JCP) debt rose 1.3% as a percentage of its face value during trading on Friday. The high-yield issue of debt has a 6.375% coupon and is set to mature on October 15, 2036. The debt is now trading at $67.00 and was trading at $65.50 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.
JCP has been the topic of a number of recent research reports. Cowen set a $4.00 target price on J C Penney and gave the company a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded J C Penney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. B. Riley reaffirmed a “hold” rating and issued a $3.50 target price on shares of J C Penney in a research report on Monday, November 13th. UBS Group downgraded J C Penney from a “positive” rating to a “neutral” rating in a research report on Monday, October 30th. Finally, Citigroup downgraded J C Penney from a “neutral” rating to a “sell” rating and lowered their target price for the company from $4.00 to $3.00 in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a strong buy rating to the company. J C Penney presently has a consensus rating of “Hold” and a consensus target price of $4.65.
J C Penney Company Inc (NYSE JCP) opened at $4.06 on Friday. J C Penney Company Inc has a 1-year low of $2.35 and a 1-year high of $6.87. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95. The company has a market capitalization of $1,264.98, a PE ratio of 14.50, a P/E/G ratio of 1.50 and a beta of 0.72.
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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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