Volume in the last session has increased compared with the stock's average trading volume. In a basic sense, it is used by technicians to measure the "speed or momentum" of the price movement. The RSI oscillates between zero and 100. J C Penney Company now has a consensus rating of Hold and an average target price of $7.65. (JCP) is at 35.31. The mean target projections are based on 20 opinions. The 200 SMA is considered so critically important a trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a death cross, signaling a serious bear market in a stock, index or other investment. If faced, it would be a -33.77% drop from its current position.
Taking a broader look at the analyst consensus, most recently Freeport-McMoRan Inc (NYSE:FCX)'s price target was revised on 05/15/17 and according to 19 analysts stock's price will reach at $15.03 during 52 weeks with standard deviation of 3.42. There is no concrete way to calculate a price target. For JCP, the company now has $887 Million of cash on the books, which is offset by $278 Million current liabilities. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Holding Company (JCP) now has P/E (Price to Earnings) ratio of 5287.36 while the company's industry has 62.25 P/E and the sector P/E is 22.96. Northcoast Research analyst K. Szafraniec now expects that the department store operator will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.08. The lower end of the projection is $-0.14 per share, while the higher end is $0.08 per share.
Shares of the company have shown an EPS growth of 14.90% in the last 5 years. The department store operator reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.27.
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Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.78 billion. The original version of this article can be read at https://transcriptdaily.com/2017/05/18/northcoast-research-research-analysts-cut-earnings-estimates-for-j-c-penney-company-inc-jcp.html. J C Penney Company has a one year low of $4.17 and a one year high of $11.30.
Laboratory Corporation of America Holdings (LH) observed trading -2.64% away from the 20-day moving average and -3.42% off from its 50-day simple moving average. Moving average strategies are also popular and can be tailored to any time frame, suiting both long term investors and short-term traders. The stock floated in a price range of $69.54 to $79.26, with market capitalization of $17.27B.
Additionally on 5/15/17 Deutsche Bank "Downgrades" J.C. Penney Company Inc (NYSE:JCP) to Hold setting price target at $0 and on 5/09/17 Gordon Haskett "Initiates Coverage On" the stock to Reduce at $5.
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The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. The stock has been active on the tape, now trading at $4.67, up from yesterday's close by 1.52%. J C Penney Company has a 52 week low of $4.17 and a 52 week high of $11.30. Perhaps, that suggests something about why 4.63% of the outstanding share supply is held by institutional investors. The average analysts gave this company a mean recommendation of 1.90. (JCP) has an Average Brokerage Recommendation (ABR) of 2.75, according to data compiled by Zacks Investment Research. It has a return on equity (ROE) of 0.10%.
Heading into the stock price potential, J. C. Penney Company, Inc. needs to grow just 78.17% to cross its median price target of $8. During the trading on 05/15/2017, Company's stock ranged from $23.06 to $22.76.
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