JPMorgan Chase & Co. (NYSE:JPM) had its target price decreased by investment analysts at Oppenheimer from $234.00 to $232.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Oppenheimer's target price points to a potential upside of 5.43% from the stock's previous close.
Other analysts also recently issued research reports about the company. Wolfe Research downgraded JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Daiwa Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $217.94.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
JPM traded down $2.24 during midday trading on Monday, hitting $220.05. 3,629,737 shares of the company's stock traded hands, compared to its average volume of 9,121,548. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $631.91 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The stock's fifty day simple moving average is $211.79 and its 200-day simple moving average is $203.73.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the company posted $4.33 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. Retirement Group LLC boosted its position in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider's stock valued at $31,000 after buying an additional 109 shares during the last quarter. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $32,000. Richardson Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $34,000. Anfield Capital Management LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $34,000. Finally, Davidson Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter worth about $37,000. 71.55% of the stock is owned by institutional investors.
JPMorgan Chase & Co operates as a financial services company worldwide. 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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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