Media coverage about J C Penney (NYSE:JCP) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. J C Penney earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the department store operator an impact score of 47.2776731641725 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Tracking Technical Indicators on JC Penney Company, Inc. (JCP) – Wall Street Morning (wallstreetmorning.com)
- Analysts’ Ratings Review: JC Penney Company Inc (JCP) – ExpertGazette (expertgazette.com)
- American Eagle lures shareholders with a surprise dividend increase—but it's not enough (finance.yahoo.com)
- Why retailers are paying so much money to be in Times Square (finance.yahoo.com)
- JCPenney Announces Pricing of Upsized Offering of Senior Secured Second Priority Notes (finance.yahoo.com)
Shares of J C Penney (JCP) traded down $0.03 during mid-day trading on Monday, reaching $3.24. 1,971,166 shares of the company were exchanged, compared to its average volume of 18,181,129. J C Penney has a fifty-two week low of $2.35 and a fifty-two week high of $6.39. The company has a market capitalization of $1,018.84, a price-to-earnings ratio of -8.66, a P/E/G ratio of 1.25 and a beta of 0.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.46 and a quick ratio of 0.28.
A number of analysts have issued reports on JCP shares. Cowen set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of J C Penney from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. B. Riley set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research note on Monday, March 5th. Robert W. Baird set a $4.00 target price on shares of J C Penney and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, ValuEngine cut shares of J C Penney from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. J C Penney has a consensus rating of “Hold” and a consensus target price of $4.47.
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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.
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