JPMorgan Chase Rating Increased to Buy at Standpoint Research (JPM)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM) was upgraded by equities researchers at Standpoint Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $43.00 target price on the stock.

Shares of JPMorgan Chase opened at 35.79 on Monday. 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 $136.7 billion and a P/E ratio of 7.95.

JPMorgan Chase last announced its earnings results 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 $1.15 earnings per share next quarter.

JPM has been the subject of a number of other recent research reports. Analysts at Oppenheimer (NYSE: OPY) reiterated an “outperform” rating on shares of JPMorgan Chase in a research note to investors on Friday. They now have a $58.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of JPMorgan Chase in a research note to investors on Friday. Finally, analysts at Citigroup (NYSE: C) cut their EPS estimates on shares of JPMorgan Chase in a research note on Friday. They now have a “buy” rating and a $54.00 price target on the stock. They previously had a $45.00 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.

About the author