Robert W. Baird Reiterates Neutral on J.C. Penney Company (JCP)
Shares of J.C. Penney Company opened at 28.352 on Tuesday. J.C. Penney Company has a one year low of $23.44 and a one year high of $43.18. The company’s market cap is $6.189 billion.
J.C. Penney Company last issued its quarterly earnings data on Tuesday, May 15th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.17. The company’s quarterly revenue was down 20.1% on a year-over-year basis. On average, analysts predict that J.C. Penney Company will post $0.26 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of J.C. Penney Company in a research note to investors on Wednesday, May 2nd. Separately, analysts at Northcoast Research initiated coverage on shares of J.C. Penney Company in a research note to investors on Tuesday, May 1st. They set a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of J.C. Penney Company from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, April 25th.
J. C. Penney Company, Inc. (jcpenney) is a holding company. The Company is a retailer, operating 1,106 department stores in 49 states and Puerto Rico as of January 29, 2011.