- C. Penney Company, Inc. (NYSE:JCP) [Trend Analysis] has kept up with the changing appetite, stock rose around 2.06% in early session The turnaround of J.C. Penney is starting to pay off. Nestled in an announcement regarding how the department-store operator plans to add appliance showrooms to nearly 500 of its stores was a pledge to hit $1 billion in Ebitda on 2016, according to Bloomberg. The buoyant attitude suggests the retailer will report better first-quarter results than expected later this week. It’s also an answer to a New York Post article last week suggesting the company was more desperate than previously thought, which had sent the stock reeling. Current CEO Marvin Ellison’s tries to right firm are notable for their common sense. In direct contrast to the flashiness of the former Apple executive Johnson, Ellison is making more mundane but effective changes, as detailed in a recent Fortune account basic stuff, such as moving men’s shoes into the men’s section and away from women’s shoes.
Moving toward the volatility measures, the price volatility of stock was 5.31% for a week and 4.16% for a month as well as price volatility’s Average True Range for 14 days was 0.43. The beta, which indicates risk in relegation to the market, remained 0.95. The firm past twelve months price to sales ratio was 0.22 and price to cash ratio remained 3.11. As far as the returns are concern, the return on equity was recorded as -32.60% and return on investment was -1.80%, while its return on asset stayed at -5.10%.
Major bullish and bearish trends reflect in rating research, from pool of WSJ analyst gave 20.00 as a highest price target, medium point hits to 11.75, while the lowest share price targets assigned 7.00. The data compelled by Wall Street Journal average suggest average price target would by 11.80, where as current price stood at 8.43.
Moderately analysts issue miscellaneous recommendation for JCP, as 9 experts rated as “BUY” security, 1 analyst have faith on stocks as “Overweight,” moreover 12 experts rated as “Hold”.
The liquidity measure in recent quarter results of company was recorded 1.70 as current ratio, on the other side the debt to equity ratio was 3.67. The Company has gross margin of 36.00% and profit margin was negative -4.10% in trailing twelve months.
- C. Penney Company, Inc. (NYSE:JCP) is ahead its 52 week low with 40.50%and going down from its 52 week high price with -29.69%. It gain volume of 18.47 Million shares as compare to its average volume of 14853.99 shares and then traded at $8.43. The company’s shares performance for the last one month was -15.87% and -12.37% in the previous week. The stock price of firm is moving down from its 20 days moving average with -11.42% and remote isolated negatively from 50 days moving average with -18.89%.