Hot Stocks Retreats on New Development: J. C. Penney Company (NYSE:JCP), Top Ships (NASDAQ:TOPS)

  1. C. Penney Company, Inc. (NYSE:JCP)[Trend Analysis] retains strong position in active trade, as shares scoring 0.96% to $6.30 in active trade session, while looking at the shares volume, around 17.16 Million shares have changed hands in this session. Lets us look over what analysts have to say about performance of the JCP. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $-0.19 as compared to the next year Q1 current trend of $0.08. While on annual basis the current EPS estimates trend for FY 2017 came in for $0.61 as compared to three months ago $0.05.

The stock prices target chart showed high target of 15 kept by analysts at WSJ while the average price target was for 8.48 as compared to current price of 6.30. Somehow, the stock managed to gain BUY ratings by 8 analysts in current tenure as 2 analysts having overweight ratings, 13 recommend as HOLD and 2 gave it as a SELL security for current period. Overall, the consensus ratings were for Overweight by the pool of analysts.

The firm has institutional ownership of 87.90%, while insider ownership included 1%. JCP attains analyst recommendation of 2.50 with week’s performance of -0.94%. Investors looking further ahead will note that the Price to next year’s EPS is 20.64%.

Top Ships Inc. (NASDAQ:TOPS) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -8.92% to 1.43 with around 1.87 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with -1.38% and lagging behind from its 52-week high price with -82.98%. Similar, the positive performance for the quarter recorded as -52.49% and for the year was -52.49%, while the YTD performance remained at -36.44%. TOPS have Average True Range for 14 days of 0.31.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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