Media headlines about J C Penney (NYSE:JCP) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. J C Penney earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the department store operator an impact score of 47.360327583021 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
JCP has been the topic of a number of recent analyst reports. Cowen set a $4.00 price objective on J C Penney and gave the stock a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research lowered J C Penney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. B. Riley restated a “hold” rating and set a $3.50 price target on shares of J C Penney in a research report on Monday, November 13th. Piper Jaffray Companies set a $4.00 price target on J C Penney and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird set a $4.00 price target on J C Penney and gave the company a “hold” rating in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.47.
Shares of J C Penney (JCP) opened at $3.76 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.46 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. The company has a market capitalization of $1,177.74, a price-to-earnings ratio of -9.89, a price-to-earnings-growth ratio of 1.17 and a beta of 0.50.
J C Penney (NYSE:JCP) last released its earnings results on Friday, March 2nd. The department store operator reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.10. J C Penney had a positive return on equity of 5.65% and a negative net margin of 0.93%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. sell-side analysts anticipate that J C Penney will post 0.2 EPS for the current fiscal year.
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.