The shares of Micron Technology, Inc. (NASDAQ:MU) has been pegged with a rating of Neutral by Nomura in its latest research note that was published on April 16th, 2019. The research company has also assigned a $45 price target. Nomura wasn’t the only research firm that published a report of Micron Technology, Inc., with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on April 8th, 2019, to Market Perform the MU stock while also putting a $45 price target. The stock had earned Underweight rating from Morgan Stanley when it published its report on April 4th, 2019. That day the Morgan Stanley set price target on the stock to $32. The stock was given Outperform rating by RBC Capital Mkts in its report released on March 28th, 2019, the day when the price target on the stock was placed at $50. Citigroup was of a view that MU is Sell in its latest report on March 21st, 2019 while giving it a price target of $30. Cross Research thinks that MU is worth Hold rating. This was contained in the firm’s report on March 15th, 2019.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 12 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $46.55. The price of the stock the last time has raised by 51.99% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 56.76.
The shares of the company added by 0.91% during the trading session on Wednesday, reaching a low of $42.76 while ending the day at $43.15. During the trading session, a total of 21.94 million shares were traded which represents a 32.13% incline from the average session volume which is 32.33M shares. MU had ended its last session trading at 42.76. Micron Technology, Inc. currently has a market cap of $48.07B, while its P/E ratio stands at 4.05, while its P/E earnings growth sits at 1.60, with a beta of 1.86. Micron Technology, Inc. debt-to-equity ratio currently stands at 0.18, while its quick ratio hovers at 1.70. MU 52-week low price stands at $28.39 while its 52-week high price is $64.66.
The company in its last quarterly report recorded $1.71 earnings per share which is above the $1.67 predicted by most analysts. The Micron Technology, Inc. generated $5,835.00 million in revenue during the last quarter, which is slightly lower than the $5,839.31 million predicted by analysts. In the second quarter last year, the firm recorded $2.97 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -73.68%. Micron Technology, Inc. has the potential to record 10.65 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Telsey Advisory Group published a research note on November 16th, 2018 where it informed investors and clients that J. C. Penney Company, Inc. (NYSE:JCP) is now rated as Market Perform. Their price target on the stock stands at $1.25. Cowen also rated JCP as Downgrade on April 8th, 2019, with its price target of $45 suggesting that JCP could surge by 8.97% from its current share price. Even though the stock has been trading at $1.25/share, analysts expect it to surge higher by 5.60% to reach $1.45/share. It started the day trading at $1.37 and traded between $1.2401 and $1.32 throughout the trading session.
A look at its technical shows that JCP’s 50-day SMA is 1.46 while its 200-day SMA stands at 1.63. At the moment, only of J. C. Penney Company, Inc. shares were sold short. The company’s average trading volume currently stands at 9.51M shares, which means that the short-interest ratio is just 13.56 days. Over the past seven days, the company moved, with its shift of 4.76%. Looking further, the stock has raised 1.54% over the past 90 days while it lost -21.43% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more JCP shares, increasing its portfolio by +1.67% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 659,162 shares in the last quarter, thus it now holds 40,159,381 shares of JCP, with a total valuation of $59,837,478. The Vanguard Group Inc meanwhile sold more JCP shares in the recently filed quarter, changing its stake to $33,907,477 worth of shares.
Similarly, SSgA Funds Management Inc increased its J. C. Penney Company, Inc. shares by +2.67% during the recently filed quarter. After buying 351,018 shares in the last quarter, the firm now controls 13,489,878 shares of J. C. Penney Company, Inc. which are valued at $20,099,918. In the same vein, Masters Capital Management LLC increased its J. C. Penney Company, Inc. shares by during the most recent reported quarter. The firm bought 5,000,000 shares during the quarter which increased its stakes to 10,000,000 shares and is now valued at $14,900,000. Following these latest developments, around 4.00% of J. C. Penney Company, Inc. stocks are owned by institutional investors and hedge funds.