Macquarie Reiterates “Outperform” Rating for JPMorgan Chase & Co. (JPM)
JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research report issued on Monday, Analyst Ratings.Net reports. They currently have a $68.00 price target on the stock. Macquarie’s price target would indicate a potential upside of 23.37% from the stock’s previous close.
JPM has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday. They now have a $68.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Monday. They now have a $58.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday. They now have a $5.50 price target on the stock. Six analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $61.10.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.29% during mid-day trading on Monday, hitting $54.80. The stock had a trading volume of 26,693,846 shares. JPMorgan Chase & Co. has a 52 week low of $46.05 and a 52 week high of $61.48. The stock has a 50-day moving average of $58.4 and a 200-day moving average of $56.38. The company has a market cap of $207.5 billion and a price-to-earnings ratio of 13.62.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.13. The company had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $24.55 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Friday, April 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 2.76%. The ex-dividend date of this dividend is Wednesday, April 2nd.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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