JPMorgan Chase & Co. (NYSE:JPM) PT Set at $184.00 by Credit Suisse Group

JPMorgan Chase & Co. (NYSE:JPM) has been given a $184.00 target price by investment analysts at Credit Suisse Group in a note issued to investors on Thursday, Borsen Zeitung reports. Credit Suisse Group’s target price would suggest a potential upside of 44.54% from the company’s previous close.

Several other research analysts have also issued reports on JPM. Royal Bank of Canada set a $175.00 target price on JPMorgan Chase & Co. in a research report on Wednesday. Piper Sandler dropped their target price on JPMorgan Chase & Co. from $187.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price target for the company in a report on Monday, March 21st. Keefe, Bruyette & Woods lowered their price target on JPMorgan Chase & Co. from $166.00 to $157.00 and set a “market perform” rating for the company in a report on Monday, January 17th. Finally, The Goldman Sachs Group set a $194.00 price target on JPMorgan Chase & Co. in a report on Friday, January 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $164.67.

JPM opened at $127.30 on Thursday. The firm has a market cap of $374.23 billion, a P/E ratio of 8.29, a P/E/G ratio of 2.38 and a beta of 1.11. JPMorgan Chase & Co. has a 12 month low of $126.01 and a 12 month high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average of $141.17 and a 200 day moving average of $154.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.07). JPMorgan Chase & Co. had a return on equity of 19.01% and a net margin of 38.00%. The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. During the same quarter in the prior year, the business posted $4.50 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.06 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gryphon Financial Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 14.5% during the 4th quarter. Gryphon Financial Partners LLC now owns 15,240 shares of the financial services provider’s stock worth $2,414,000 after buying an additional 1,935 shares during the last quarter. TCW Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.9% during the 4th quarter. TCW Group Inc. now owns 595,230 shares of the financial services provider’s stock worth $94,254,000 after purchasing an additional 16,884 shares during the period. Northstar Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.6% during the 4th quarter. Northstar Group Inc. now owns 4,070 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 105 shares during the period. First American Trust FSB boosted its position in shares of JPMorgan Chase & Co. by 3.0% during the 4th quarter. First American Trust FSB now owns 94,194 shares of the financial services provider’s stock worth $14,915,000 after purchasing an additional 2,712 shares during the period. Finally, Black Swift Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $7,136,000. Institutional investors and hedge funds own 69.39% of the company’s stock.

About JPMorgan Chase & Co. (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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