Analysts Set JPMorgan Chase & Co. (NYSE:JPM) Target Price at $168.56

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $168.56.

A number of research firms have commented on JPM. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 14th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 14th. Berenberg Bank set a $125.00 target price on JPMorgan Chase & Co. in a report on Monday, October 18th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Finally, Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a report on Thursday, October 14th.

Shares of NYSE JPM opened at $166.96 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day moving average price of $166.07 and a 200 day moving average price of $160.51. JPMorgan Chase & Co. has a 1-year low of $117.77 and a 1-year high of $172.96. The company has a market cap of $493.41 billion, a PE ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The firm had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same period last year, the company earned $2.92 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.30%.

Institutional investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in JPMorgan Chase & Co. by 4.8% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock valued at $3,198,000 after buying an additional 937 shares during the period. Gibraltar Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 8.1% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock valued at $6,419,000 after buying an additional 3,179 shares during the period. Gradient Investments LLC grew its holdings in JPMorgan Chase & Co. by 7.0% in the 2nd quarter. Gradient Investments LLC now owns 190,284 shares of the financial services provider’s stock valued at $29,597,000 after buying an additional 12,480 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 24.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 58,153 shares of the financial services provider’s stock valued at $9,045,000 after buying an additional 11,392 shares during the period. Finally, Deseret Mutual Benefit Administrators purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $3,785,000. Hedge funds and other institutional investors own 69.51% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

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