JPMorgan Chase & Co. (NYSE: JPM) saw its price target raised by analysts at Barclays from $ 193.00 to $ 202.00 in a research note released to investors on Monday, Benzinga reports. The company is currently “overweight” in stocks of the financial services provider. Barclays’ target price would indicate a potential rise of 24.81% from the share’s previous close.
A number of other research companies have also recently commented on JPM. The Royal Bank of Canada reissued a “buy” note on shares of JPMorgan Chase & Co. in a research report on Wednesday, December 22. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “custody” rating to a “buy” rating and set a price target of $ 175.00 for the company in a research note Tuesday September 28. The UBS group set a price target of $ 210.00 on shares of JPMorgan Chase & Co. and assigned a “buy” rating to the stock in a research note on Friday, December 10. Berenberg Bank set a price target of $ 125 on shares of JPMorgan Chase & Co. in a research note on Monday, October 18. Finally, Credit Suisse Group set a price target of $ 177.00 on shares of JPMorgan Chase & Co. in a research note on Thursday, October 14. One analyst rated the stock with a sell rating, five assigned a conservation rating, and fourteen assigned a buy rating to the company’s stock. According to MarketBeat data, JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $ 174.26.
NYSE JPM shares traded up $ 3.49 at midday Monday, reaching $ 161.84. The company had a trading volume of 633,263 shares, compared to its average volume of 12,906,299. The company’s 50-day moving average is $ 163.04 and its 200-day moving average is 159. $ 90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt ratio of 1.17. The stock has a market cap of $ 478.28 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 2.12, and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $ 123.77 and a 52-week high of $ 172.96.
JPMorgan Chase & Co. (NYSE: JPM) last released its quarterly results on Wednesday, October 13. The financial services provider reported EPS of $ 3.74 for the quarter, beating Zacks’ consensus estimate of $ 3.00 by $ 0.74. The company posted revenue of $ 29.60 billion for the quarter, compared to $ 29.63 billion expected by analysts. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The company’s revenue for the quarter was down 1.0% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 2.92. As a group, equity research analysts predict that JPMorgan Chase & Co. will post earnings per share of 14.97 for the current year.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Enterprise Bank & Trust Co increased its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Enterprise Bank & Trust Co now owns 29,388 shares of the financial services provider valued at $ 4,654,000 after acquiring 124 additional shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in Q3 valued at $ 266,000. Financial Advisors Network Inc. increased its position in shares of JPMorgan Chase & Co. by 8.1% in the 3rd quarter. Financial Advisors Network Inc. now owns 2,197 shares of the financial services provider valued at $ 367,000 after acquiring 165 additional shares during the period. First Command Bank increased its stake in JPMorgan Chase & Co. by 9.7% in the third quarter. First Command Bank now owns 5,474 shares of the financial services provider valued at $ 896,000 after purchasing an additional 485 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in JPMorgan Chase & Co. by 9.8% in the third quarter. UBS Asset Management Americas Inc. now owns 15,741,146 shares of the financial services provider valued at $ 2,576,668,000 after purchasing an additional 1,403,825 shares in the last quarter. 69.51% of the shares are currently held by hedge funds and other institutional investors.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The company offers a range of investment banking products and services in all capital markets, including advice on corporate strategy and structure, raising capital in the equity and debt markets, management of risks, market making in treasury securities and derivative instruments, as well as brokerage and research.
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