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.
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.
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
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