JPMorgan Chase & Co. Stock Rating Reaffirmed by TheStreet (JPM)
JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Wednesday, Analyst Ratings Network reports.
The analysts wrote, “JPMorgan Chase (JPM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
JPM has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of JPMorgan Chase & Co. in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $58.87.
JPMorgan Chase & Co. (NYSE:JPM) traded down 0.65% during mid-day trading on Wednesday, hitting $50.54. The stock had a trading volume of 7,872,835 shares. JPMorgan Chase & Co. has a 52 week low of $38.83 and a 52 week high of $56.93. The stock has a 50-day moving average of $52.01 and a 200-day moving average of $52.08. The company has a market cap of $190.5 billion and a price-to-earnings ratio of 8.51.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that JPMorgan Chase & Co. will post $5.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders 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 2.99%. The ex-dividend date of this dividend is Wednesday, October 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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