JPMorgan Chase & Co. Receives New Coverage from Analysts at ISI Group (JPM)
Analysts at ISI Group assumed coverage on shares of JPMorgan Chase & Co. (NYSE:JPM) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 51.83 on Tuesday. JPMorgan Chase & Co. has a one year low of $38.83 and a one year high of $56.93. The stock has a 50-day moving average of $52.04 and a 200-day moving average of $52.08. The company has a market cap of $195.3 billion and a P/E ratio of 8.67.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The company reported $1.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.38 by $0.22. The company had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, October 2nd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Tuesday, October 1st. They now have a $63.00 price target on the stock. Separately, analysts at Guggenheim cut their price target on shares of JPMorgan Chase & Co. from $66.00 to $63.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Societe Generale initiated coverage on shares of JPMorgan Chase & Co. in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.87.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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