JPMorgan Chase & Co. (NYSE:JPM) Given a $202.00 Price Target by Barclays Analysts

JPMorgan Chase & Co. (NYSE:JPM) has been assigned a $202.00 target price by equities researchers at Barclays in a report issued on Friday, Borsen Zeitung reports. Barclays‘s target price would suggest a potential upside of 28.14% from the company’s previous close.

Other analysts have also issued reports about the stock. Berenberg Bank set a $125.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, October 18th. Royal Bank of Canada set a $175.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday. Credit Suisse Group set a $177.00 price target on JPMorgan Chase & Co. in a report on Thursday, October 14th. BMO Capital Markets upped their price target 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. Finally, Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a report on Monday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $176.47.

NYSE JPM traded down $10.59 during trading hours on Friday, reaching $157.64. The company had a trading volume of 2,401,747 shares, compared to its average volume of 11,865,099. The stock has a 50-day moving average of $162.40 and a 200 day moving average of $160.73. JPMorgan Chase & Co. has a 1-year low of $127.35 and a 1-year high of $172.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $465.87 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 14th. The financial services provider reported $3.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.35. The company had revenue of $29.26 billion for the quarter, compared to analyst estimates of $29.78 billion. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.79 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 15.01 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Five Oceans Advisors lifted its holdings in shares of JPMorgan Chase & Co. by 12.2% during the fourth quarter. Five Oceans Advisors now owns 3,849 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 418 shares during the period. HighTower Trust Services LTA lifted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. HighTower Trust Services LTA now owns 47,658 shares of the financial services provider’s stock worth $7,547,000 after purchasing an additional 713 shares during the period. RVW Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $248,000. Centerpoint Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 30.9% during the fourth quarter. Centerpoint Advisors LLC now owns 5,007 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 1,183 shares during the period. Finally, Sara Bay Financial lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Sara Bay Financial now owns 64,684 shares of the financial services provider’s stock worth $10,243,000 after purchasing an additional 705 shares during the period. 69.32% of the stock is owned 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 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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