Economy

JC Penney Company, Inc. (JCP), EV Energy Partners, LP (EVEP)

JC Penney Company, Inc. (JCP), EV Energy Partners, LP (EVEP)”

Holding Company (NYSE:JCP) by 76.0% during the 2nd quarter, according to its most recent disclosure with the SEC. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

A number of other research firms also recently issued reports on JCP. In the most recent financial results released by J. C. Penney Company, Inc., for the quarter ending on 2017-07-31, the company posted EPS of -0.09. Cambridge Investment Research Advisors Inc. raised its stake in J.C. Penney Company, Inc. Deutsche Bank AG reaffirmed a buy rating on shares of J.C. Penney in a report on Monday, October 31st. Finally, Credit Suisse Group cut J.C. Penney Company, Inc.

Ratings analysis reveals 50% of J. C. Penney's analysts are positive.

J.C. Penney (NYSE:JCP) got the bad news out of the way with its earnings warning two weeks ago, so shares are naturally rallying hard following the actual news. Of the analysts who provided ratings, 11 rated the company a Hold, and 3 rated it a Strong Buy. The stock now has a consensus rating of Hold and a consensus target price of $11.44.

Cowen and Company set a $4.00 price objective on J.C. Penney Company, Inc. About shares traded. Bottomline Technologies (NASDAQ:EPAY) has risen 2.88% since November 9, 2016 and is uptrending. The firm's market capitalization is $3.05 billion. The stock of J C Penney Company Inc (NYSE:JCP) earned "Hold" rating by Piper Jaffray on Friday, August 11. The department store operator reported ($0.21) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.21). For the current quarter Manitowoc Company (NYSE:MTW) has high EPS estimates of $0.02 in contradiction of low EPS estimates of $-0.08. At one point in the past year, the shares traded as low as $0.37 but has recovered 170.27% since then.

As the earnings date approaches, we can see that insider ownership is now 1.90% shares, and institutional ownership is at 73.50% for J. C. Penney Company, Inc. BlackRock Inc. now owns 24,704,238 shares of the department store operator's stock valued at $152,179,000 after purchasing an additional 24,491,676 shares during the last quarter. The stock was acquired at an average cost of $3.48 per share, with a total value of $348,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. Geode Capital Management LLC lifted its position in shares of J.C. Penney Company, Inc. During the past three months the stock slid -46.71%, bringing six months performance to -52.55%. Quinn Opportunity Partners LLC lifted its stake in shares of J.C. Penney Company, Inc. Finally, Citigroup Inc. upped their price target on J.C. Penney Company, Inc. Creative Planning now owns 34,051 shares of the department store operator's stock valued at $302,000 after buying an additional 2,389 shares during the period. Hedge funds and other institutional investors own 71.99% of the company's stock.



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