JPMorgan Chase & Co. Receives “Buy” Rating from TheStreet (JPM)
JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, American Banking & Market News 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 attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 55.38 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $46.05 and a 52 week high of $59.82. The stock has a 50-day moving average of $57.65 and a 200-day moving average of $54.68. The company has a market cap of $223.1 billion and a P/E ratio of 12.66.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Monday, January 13th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.33 by $0.03. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.81 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post $5.97 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on JPM. Analysts at Mediobanca SpA downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note to investors on Wednesday, January 15th. They now have a $60.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of JPMorgan Chase & Co. from $63.00 to $65.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.71.
In other JPMorgan Chase & Co. news, Insider Mark O’donovan sold 7,121 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $56.51, for a total value of $402,407.71. Following the completion of the transaction, the insider now directly owns 4,790 shares of the company’s stock, valued at approximately $270,683. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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