News articles about J C Penney (NYSE:JCP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. J C Penney earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines 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 stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Shares of J C Penney (JCP) opened at $3.76 on Wednesday. The company has a market capitalization of $1,177.74, a price-to-earnings ratio of -9.89, a P/E/G ratio of 1.17 and a beta of 0.50. The company has a current ratio of 1.46, a quick ratio of 0.28 and a debt-to-equity ratio of 2.89. J C Penney has a 1 year low of $2.35 and a 1 year high of $6.39.
J C Penney (NYSE:JCP) last issued its quarterly earnings results on Friday, March 2nd. The department store operator reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.04 billion. J C Penney had a positive return on equity of 5.65% and a negative net margin of 0.93%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. equities analysts forecast that J C Penney will post 0.2 EPS for the current year.
JCP has been the subject of several recent analyst reports. Cowen set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded J C Penney from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Robert W. Baird set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a research note on Thursday, January 4th. B. Riley set a $4.00 price target on J C Penney and gave the stock a “hold” rating in a research note on Monday. Finally, ValuEngine cut J C Penney from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $4.47.
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.