Evercore Partners Lowers JPMorgan Chase to Equal Weight (JPM)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM) was downgraded by equities researchers at Evercore Partners from an “overweight” rating to an “equal weight” rating in a report issued on Monday. They currently have a $37.00 target price on the stock.

Shares of JPMorgan Chase opened at 32.51 on Monday. JPMorgan Chase has a one year low of $27.85 and a one year high of $46.49. The company has a market cap of $123.8 billion and a P/E ratio of 7.22.

JPMorgan Chase last issued its quarterly earnings data on Friday, April 13rd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.16. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that JPMorgan Chase will post $1.12 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group reiterated a “buy” rating on shares of JPMorgan Chase in a research note to investors on Monday. They now have a $52.00 price target on the stock. Separately, analysts at JMP Securities downgraded shares of JPMorgan Chase from a “market perform” rating to an “underperform” rating in a research note to investors on Monday. They now have a $28.00 price target on the stock. Finally, analysts at Standpoint Research upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note to investors on Monday, May 14th. They now have a $43.00 price target on the stock.

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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