JPMorgan Chase & Co. Given Average Rating of “Buy” by Analysts (NYSE:JPM)
JPMorgan Chase & Co. (NYSE:JPM) has earned a consensus rating of “Buy” from the twenty-five analysts that are currently covering the company, StockRatingsNetwork reports. Three equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $61.76.
JPM has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of JPMorgan Chase & Co. from $64.00 to $65.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Nomura raised their price target on shares of JPMorgan Chase & Co. from $62.00 to $64.00 in a research note on Monday, July 21st. Finally, analysts at FBR Capital Markets upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $70.00 price target on the stock, up previously from $55.00.
JPMorgan Chase & Co. (NYSE:JPM) opened at 56.34 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $50.06 and a 52 week high of $61.48. The stock’s 50-day moving average is $57.42 and its 200-day moving average is $56.94. The company has a market cap of $211.9 billion and a P/E ratio of 14.35.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings data on Tuesday, July 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.26. The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.50 EPS for the current fiscal year.
JPMorgan Chase & Co (NYSE:JPM) is a financial holding company.
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