JPMorgan Chase & Co. (NYSE:JPM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of JPMorgan Chase & Co. (NYSE:JPM) have been given an average recommendation of “Hold” by the twenty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $145.95.

Several equities research analysts recently weighed in on JPM shares. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Barclays set a $200.00 target price on JPMorgan Chase & Co. in a research note on Monday, July 18th. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Finally, Wells Fargo & Company dropped their price objective on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th.

JPMorgan Chase & Co. Stock Down 0.7 %

Shares of JPM opened at $117.08 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96. The firm’s 50 day moving average is $115.85 and its 200-day moving average is $122.74. The stock has a market capitalization of $343.35 billion, a PE ratio of 9.40, a P/E/G ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.78 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dravo Bay LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $26,000. HBC Financial Services PLLC boosted its stake in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in JPMorgan Chase & Co. in the second quarter worth $32,000. Financial Connections Group Inc. increased its stake in JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Finally, Advanced Research Investment Solutions LLC boosted its position in shares of JPMorgan Chase & Co. by 118.2% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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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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