JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $230.00 at Evercore ISI

by · The Markets Daily

JPMorgan Chase & Co. (NYSE:JPM) had its price target increased by equities researchers at Evercore ISI from $217.00 to $230.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price points to a potential upside of 3.42% from the stock’s current price.

JPM has been the subject of several other research reports. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $221.00 to $234.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Citigroup boosted their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.59.

Read Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Up 0.0 %

JPMorgan Chase & Co. stock opened at $222.40 on Monday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $638.66 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 1.11. The firm’s 50 day moving average price is $211.79 and its two-hundred day moving average price is $203.73.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.33 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Several hedge funds have recently made changes to their positions in the stock. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $32,000. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth $34,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth $34,000. Finally, Davidson Capital Management Inc. bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $37,000. Institutional investors own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

(Get Free Report)

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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