Barclays Capital Lowers Price Target on JPMorgan Chase (JPM)

By admin | 6 years ago

Equities research analysts at Barclays Capital (NYSE: BCS) decreased their price target on shares of JPMorgan Chase (NYSE: JPM) from $57.00 to $52.00 in a research note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Raymond James (NYSE: RJF) downgraded shares of JPMorgan Chase from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of JPMorgan Chase in a research note to investors on Tuesday, May 22nd. Finally, analysts at UBS AG (NYSE: UBS) cut their price target on shares of JPMorgan Chase to $46.00 in a research note to investors on Tuesday, May 22nd. They now have a “buy” rating on the stock.

JPMorgan Chase opened at 33.07 on Wednesday. JPMorgan Chase has a 52-week low of $27.85 and a 52-week high of $46.49. The company has a market cap of $125.9 billion and a price-to-earnings ratio of 7.35.

JPMorgan Chase last posted its quarterly earnings results on Friday, April 13rd. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.16. JPMorgan Chase’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that JPMorgan Chase will post $1.06 EPS next quarter.

JPMorgan Chase & Co (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations.

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