Credit Suisse Group analysts give JPMorgan Chase & Co. (NYSE:JPM) a price target of $160.00
JPMorgan Chase & Co. (NYSE: JPM) was assigned a price target of $160.00 by Credit Suisse Group research analysts in a report on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target indicates a potential upside of 32.01% from the company’s previous close.
Several other equity analysts have also recently released reports on JPM. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a target price of $147.00 for the company in a Monday, March 21 research note. Citigroup lowered its price target on JPMorgan Chase & Co. shares from $188.00 to $175.00 and set a “neutral” rating for the company in a Tuesday, Jan. 18 research note. Oppenheimer upgraded JPMorgan Chase & Co. shares from a “market performer” rating to an “outperformer” rating and set a price target of $167.00 for the company in a Tuesday 3 may. Argus cut its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 report. Finally, UBS Group set a price target of $197.00 on JPMorgan Chase & Co. shares in a Wednesday, March 2 report. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned the company’s stock a buy rating. Based on MarketBeat data, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $161.67.
Shares of JPM traded down $0.98 during trading hours on Wednesday, hitting $121.20. The stock recorded a trading volume of 450,814 shares, compared to an average volume of 14,959,824 shares. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day moving average price of $130.15 and a 200-day moving average price of $147.31. JPMorgan Chase & Co. has a fifty-two week low of $115.37 and a fifty-two week high of $172.96. The company has a market capitalization of $355.97 billion, a price/earnings ratio of 8.99, a PEG ratio of 2.14 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported results on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company posted revenue of $30.72 billion in the quarter, versus analyst estimates of $30.53 billion. In the same quarter of the previous year, the company had earned earnings per share of $4.50. The company’s revenue for the quarter was down 4.8% year over year. As a group, analysts predict JPMorgan Chase & Co. will post EPS of 11.13 for the current fiscal year.
In other news, insider Ashley Bacon sold 21,012 shares of the company in a trade on Tuesday, April 19. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade on Thursday, April 14. The stock was sold at an average price of $126.19, for a total value of $589,054.92. As a result of the transaction, the CEO now owns 11,135 shares of the company, valued at $1,405,125.65. The disclosure of this sale can be found here. Insiders of the company hold 0.79% of the shares of the company.
A number of large investors have recently increased or reduced their stake in JPM. Norges Bank bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $4,092,843,000. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider valued at $36,377,615,000 after purchasing an additional 6,792,220 shares during the period. GQG Partners LLC increased its stake in JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider valued at $806,728,000 after purchasing an additional 4,083,231 shares during the period. Renaissance Technologies LLC increased its stake in JPMorgan Chase & Co. by 1,543.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider valued at $529,124,000 after purchasing an additional 3,138,200 shares during the period. Finally, Capital World Investors increased its stake in JPMorgan Chase & Co. by 3.9% in the third quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider valued at $12,162,752,000 after purchasing an additional 2,764,341 shares during the period. Hedge funds and other institutional investors hold 70.35% of the company’s shares.
About JPMorgan Chase & Co. (Get an evaluation)
JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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