Analyzing Stocks On Analyst Opinion: J. C. Penney Company, Inc. (JCP), Canopy Growth Corporation (CGC)

J. C. Penney Company, Inc. (NYSE:JCP) notched a -0.64% intraday decline moving at $2.33. When the opening bell rang, the price was $2.34. The number of shares that were traded during the day was 6.14 million, which corresponds to its 3-month volume average of 18.16 million shares a day.

J. C. Penney Company, Inc. (JCP) Analyst Opinion

J. C. Penney Company, Inc. has a consensus hold rating from 17 Wall Street analysts, and the number of shares currently sold short amount to at least 43.64% of shares outstanding. The stock sank -1.48% last month and is down -26.42 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover JCP having a buy-equivalent rating. Analysts have placed a $3.32 price target on J. C. Penney Company, Inc., suggesting a 42.49% gain from recent close. It’s currently trading about -58.68% below its 52-week high.

J. C. Penney Company, Inc. Earnings Surprise

J. C. Penney Company, Inc. (JCP) surprised the stock market in its last reported earnings when it earned -$0.22 a piece versus the consensus-estimated -$0.23. Its revenue totaled $2.61 billion down -35.24% from the previous quarter.

J. C. Penney Company, Inc. (NYSE:JCP) Intraday View

This stock (JCP) is ahead of its 52-week low with 3.33%. Its last month’s stock price volatility remained 4.69% which for the week stands at 5.96%. The share price has moved backward from its 20 days moving average, trading at a distance of -12.73% and stays -14.43% away from its 50 days moving average. Over the last five days, shares have faced -4.71% losses and now is down -28.62% since hitting its 200-day moving average of $3.2. J. C. Penney Company, Inc. (JCP) has made its way to a 12-month decline of -50%.

Turning to Canopy Growth Corporation (NYSE:CGC), its shares were trading at $30.81 a gain of $1.52, on the trading floor. The stock, after opening at $29.1, touched a high of $30.9999 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 0. Canopy Growth Corporation has 2 buy ratings, 3 holds and 0 sells even after the stock tumbled -15.7% from its high of $36.55 to a $5.17 billion market value through last close.

Canopy Growth Corporation (CGC) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.3 to 2.3 during a month. Analysts set a 12-month price target of $0 a share. The target implies a -100% decrease from where the shares are currently trading. Also, the current price highlights a discount of 65.53% to analysts’ high consensus price target.

Canopy Growth Corporation (NYSE:CGC) Intraday Trading

The counter witnessed a trading volume of 2.54 million shares versus an average volume of 2.09 million shares during last trading session. Its last month’s stock price volatility remained 9.3% which for the week approaches 7.03%. The lowest price the stock reached in the last trading day was $28.6314 and compares with the $6.00 52-week low. The stock recovered 413.59% since its low point and has performed 30.24% year-to-date.