TheStreet Reiterates Buy Rating for JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, Stock 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 solid stock price performance, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
JPM has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Thursday. Separately, analysts at SunTrust downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $59.00 price target on the stock, down previously from $62.00. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note to investors on Friday, November 29th. They now have a $60.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.11.
JPMorgan Chase & Co. (NYSE:JPM) opened at 58.34 on Friday. JPMorgan Chase & Co. has a 52-week low of $44.44 and a 52-week high of $58.55. The stock’s 50-day moving average is $56.90 and its 200-day moving average is $54.13. The company has a market cap of $219.3 billion and a P/E ratio of 13.11. JPMorgan Chase & Co. also was the target of unusually large options trading on Tuesday. Stock investors acquired 1,117,923 call options on the stock. This represents an increase of 1,339% compared to the typical volume of 77,704 call options.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of 0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, January 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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