J C Penney (NYSE:JCP) Receiving Somewhat Positive Media Coverage, Analysis Shows

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News articles about J C Penney (NYSE:JCP) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. J C Penney earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the department store operator an impact score of 47.2818615582185 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

J C Penney stock traded up $0.04 during midday trading on Friday, reaching $1.89. The company had a trading volume of 9,934,424 shares, compared to its average volume of 15,939,608. The firm has a market capitalization of $575.15 million, a PE ratio of 8.59 and a beta of 0.66. J C Penney has a 12-month low of $1.60 and a 12-month high of $4.75. The company has a current ratio of 1.63, a quick ratio of 0.20 and a debt-to-equity ratio of 3.43.

J C Penney (NYSE:JCP) last issued its quarterly earnings results on Thursday, August 16th. The department store operator reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.32). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.81 billion. J C Penney had a negative net margin of 0.43% and a negative return on equity of 8.98%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. sell-side analysts predict that J C Penney will post -0.83 EPS for the current fiscal year.

Several equities research analysts have weighed in on JCP shares. Zacks Investment Research downgraded J C Penney from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Deutsche Bank dropped their target price on J C Penney from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Friday, August 17th. Credit Suisse Group dropped their target price on J C Penney from $2.00 to $1.00 and set an “underperform” rating on the stock in a research report on Thursday, August 16th. JPMorgan Chase & Co. cut J C Penney from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research report on Thursday, August 16th. Finally, Morgan Stanley set a $3.00 target price on J C Penney and gave the company a “hold” rating in a research report on Monday, May 21st. Six analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.10.

About J C Penney

J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, home furnishings, and large appliances; and provides services, including styling salon, optical, portrait photography, custom decorating, and home services.

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