On May 15, 2014 after the market close, J.C. Penney (NYSE:JCP) reported its quarterly results for the first quarter of the current fiscal year. The results were solid, showing a 6.2% increase in same-store sales and a lower-than-expected quarterly loss. The results sent the company’s shares higher by over 18% as investors continued to bet on the in-progress turnaround at the department store chain. J.C. Penney Company, Inc. (NYSE:JCP) net profit margin is -11.60% and weekly performance is -7.40%. On last trading day company shares ended up $9.01. Analysts mean target price for the company is $9.33. J.C. Penney Company, Inc. (NYSE:JCP) distance from 50-day simple moving average (SMA50) is 5.48%.
RBC Capital reissued their top pick rating on shares of Johnson Controls (NYSE:JCI) in a research report sent to investors on Thursday morning. The firm currently has a $61.00 price target on the stock. Johnson Controls Inc. (NYSE:JCI) shares advanced 0.96% in last trading session and ended the day on $48.24. JCI gross Margin is 16.10% and its return on assets is 4.50%.Johnson Controls Inc. (NYSE:JCI) quarterly performance is -2.55%.
Shares of Delphi Automotive (NYSE:DLPH) are higher by 2.53% as the vehicle components manufacture and General Motors Co. (GM) won a delay of four lawsuits by Texas customers over accidents in recalled cars as a panel of judges granted the companies’ emergency requests, Bloomberg reports. Delphi Automotive PLC (NYSE:DLPH) shares moved up 3.14% in last trading session and was closed at $70.00, while trading in range of $67.98 – $70.11. Delphi Automotive PLC (NYSE:DLPH) year to date (YTD) performance is 16.86%.
Meritor Inc. (NYSE:MTOR) has added optimized axle ratios to its 14X rear-drive axle portfolio to help enhance fuel economy. The company’s14X tandem drive axles with a 2.79 ratio will be available for production in June, and a 2.85 ratio will be ready later this summer. Meritor Inc. (NYSE:MTOR) ended the last trading day at $13.94. Company weekly volatility is calculated as 2.91% and price to cash ratio as 5.85.Meritor Inc. (NYSE:MTOR) showed a positive weekly performance of 2.20%.
Borgwarner, Inc. (NYSE: BWA) reported Q1 EPS of $0.83, $0.04 better than the analyst estimate of $0.79. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.07 billion. BorgWarner Inc. (NYSE:BWA) net profit margin is 8.40% and weekly performance is 4.10%. On last trading day company shares ended up $62.17. Analysts mean target price for the company is $66.38. BorgWarner Inc. (NYSE:BWA) distance from 50-day simple moving average (SMA50) is 1.86%.
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