JPMorgan Chase & Co. Receives Average Recommendation of “Buy” from Analysts (NYSE:JPM)
JPMorgan Chase & Co. (NYSE:JPM) has received an average recommendation of “Buy” from the thirty-five analysts that are presently covering the stock, Analyst Ratings Network.com reports. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.79.
In other JPMorgan Chase & Co. news, Director James Crown purchased 500,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $55.53 per share, for a total transaction of $27,765,000.00. Following the completion of the purchase, the director now directly owns 267,145 shares of the company’s stock, valued at approximately $14,834,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at 55.21 on Thursday. 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 $57.43 and a 200-day moving average of $54.68. The company has a market cap of $207.7 billion and a price-to-earnings ratio of 12.69.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Monday, January 13th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the 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 $5.98 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Thursday, January 30th. They now have a $66.00 price target on the stock, up previously from $64.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Tuesday, January 28th. Finally, 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, January 28th.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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