JPMorgan Chase & Co. (NYSE:JPM) PT Raised to $170.00

JPMorgan Chase & Co. (NYSE:JPM) had its price target raised by investment analysts at Piper Sandler from $165.00 to $170.00 in a report released on Thursday, The Fly reports. Piper Sandler’s price objective would suggest a potential upside of 33.54% from the company’s current price.

A number of other analysts have also commented on JPM. Wells Fargo & Company cut their price target on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Monday, April 4th. UBS Group set a $197.00 price target on JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. Credit Suisse Group set a $184.00 price target on JPMorgan Chase & Co. in a research note on Thursday. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 price target on the stock. in a research note on Tuesday, January 4th. Finally, StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $164.94.

JPMorgan Chase & Co. stock opened at $127.30 on Thursday. JPMorgan Chase & Co. has a 12-month low of $126.01 and a 12-month high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $141.17 and its two-hundred day moving average price is $154.80. The stock has a market cap of $374.23 billion, a PE ratio of 8.29, a P/E/G ratio of 2.38 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.07). JPMorgan Chase & Co. had a net margin of 38.00% and a return on equity of 19.01%. The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. During the same quarter in the prior year, the firm earned $4.50 EPS. The business’s revenue was down 4.8% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 11.06 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of JPM. Eagle Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 1.6% in the second quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock valued at $3,916,000 after buying an additional 406 shares during the period. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 1.4% in the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after buying an additional 510,298 shares during the period. Atwood & Palmer Inc. lifted its stake in JPMorgan Chase & Co. by 1.3% in the third quarter. Atwood & Palmer Inc. now owns 7,949 shares of the financial services provider’s stock valued at $1,301,000 after buying an additional 100 shares during the period. Keudell Morrison Wealth Management increased its holdings in shares of JPMorgan Chase & Co. by 2.3% during the third quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock valued at $2,006,000 after acquiring an additional 270 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock valued at $2,830,000 after acquiring an additional 285 shares in the last quarter. 69.39% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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