March 20, 2017

J C Penney (NYSE:JCP) listed for 138 locations it will shutter in coming months

J C Penney Company Inc (NYSE:JCP) listed for the first time the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability. Like other department stores, J.C. Penney Co. is hurting as more people shop online instead of heading to the mall. The closures are part of the company’s previously announced plans to focus on its best-performing stores. About 5,000 jobs will be cut due to the closures, J.C. Penney said. The company had about 105,000 full and part-time employees last year. Nine stores will close in Texas, the most of any state. Eight will close in Minnesota and seven will be shut in both Michigan and Pennsylvania. J C Penney Company Inc (NYSE:JCP) shares fell -2.76% to $5.99 on Friday.

Technical Stock Analysis

Shares outstanding are recorded as 305.39 Million and total shares floated are 303.48 Million. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.00. Company’s distance from 20 day simple moving average is -6.72% and distance from 50-Day simple moving average is -11.32%.

Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 12 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for JCP is $8.86 while analysts mean recommendation is 2.50.

J C Penney Company Inc (NYSE:JCP) yearly performance is -48.00% and net profit margin is 0.00%. Annual EPS Growth of past 5 years is 14.90%. The current share price indicate that stock is -49.45% away from its one year high and is moving 2.39% ahead of its 52-week low.

Range Resources Corporation (NYSE:RRC) announced that its first quarter 2017 financial results news release will be issued Monday, April 24 after the close of trading on the New York Stock Exchange.

On 17 March 2017, Range Resources Corporation (NYSE:RRC) shares moved to $27.51 after starting the day at $27.86. Stock has got OUTPERFORM rating from 15 analysts of Thomson Reuters, 12 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for RRC is $45.67 while analysts mean recommendation is 2.10.

At the movement Pitney Bowes Inc. (NYSE:PBI) is under coverage by number of analysts. Buy rating has been given by 3 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.80 on scale of 1-5. Analysts mean target price for Pitney Bowes Inc. (NYSE:PBI) is $17.00 while their mean recommendation is 1.80 (1=Buy, 5=sell).

If we look at stock performance in last active day trading, we see that stock has moved fell -4.46% to end the day at $12.84. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 25.89. The current share price indicate that stock is -38.28% away from its one year high and is moving 4.93% ahead of its 52-week low.

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