The Goldman Sachs Group Analysts Give JPMorgan Chase & Co. (NYSE:JPM) a $151.00 Price Target

JPMorgan Chase & Co. (NYSE:JPM) has been given a $151.00 price objective by stock analysts at The Goldman Sachs Group in a research note issued to investors on Thursday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective points to a potential upside of 18.62% from the company’s current price.

JPM has been the subject of a number of other research reports. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 target price for the company in a research report on Monday, March 21st. Royal Bank of Canada set a $175.00 price objective on JPMorgan Chase & Co. in a research note on Wednesday. Piper Sandler decreased their price objective on JPMorgan Chase & Co. from $187.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Citigroup decreased their price objective on JPMorgan Chase & Co. from $188.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, January 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $164.67.

JPMorgan Chase & Co. stock opened at $127.30 on Thursday. The business has a 50 day simple moving average of $141.17 and a 200 day simple moving average of $154.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.83. JPMorgan Chase & Co. has a one year low of $126.01 and a one year high of $172.96. The company has a market capitalization of $374.23 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 previous year, the firm posted $4.50 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 11.06 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Avaii Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 34.9% during the 1st quarter. Avaii Wealth Management LLC now owns 5,152 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,333 shares in the last quarter. RBA Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 2.0% in the 1st quarter. RBA Wealth Management LLC now owns 29,229 shares of the financial services provider’s stock valued at $3,984,000 after acquiring an additional 564 shares during the period. Gilman Hill Asset Management LLC raised its stake in JPMorgan Chase & Co. by 9.8% in the 1st quarter. Gilman Hill Asset Management LLC now owns 11,065 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 984 shares during the period. Sandbox Financial Partners LLC raised its stake in JPMorgan Chase & Co. by 4.8% in the 1st quarter. Sandbox Financial Partners LLC now owns 5,817 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 267 shares during the period. Finally, Hedeker Wealth LLC raised its stake in JPMorgan Chase & Co. by 3.0% in the 1st quarter. Hedeker Wealth LLC now owns 38,613 shares of the financial services provider’s stock valued at $5,263,000 after acquiring an additional 1,135 shares during the period. Institutional investors own 69.39% of the company’s stock.

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.

Further Reading

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

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