Green Dot Corp. Given New $28.00 Price Target at JPMorgan Chase & Co. (GDOT)
Analysts at JPMorgan Chase & Co. reduced their target price on shares of Green Dot Corp. (NASDAQ:GDOT) from $29.00 to $28.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 5.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a “hold” rating on shares of Green Dot Corp. (NASDAQ:GDOT) in a research note to investors on Monday. They now have a $26.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $19.00 to $29.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $19.00 to $25.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.48.
Shares of Green Dot Corp. (NASDAQ:GDOT) traded up 6.30% during mid-day trading on Thursday, hitting $26.50. 931,906 shares of the company’s stock traded hands. Green Dot Corp. has a 52 week low of $9.54 and a 52 week high of $25.72. The stock has a 50-day moving average of $24.60 and a 200-day moving average of $19.74. The company has a market cap of $970.0 million and a P/E ratio of 23.45.
Green Dot Corp. (NASDAQ:GDOT) last released its earnings data on Tuesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $135.10 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Green Dot Corp. will post $1.19 earnings per share for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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