JPMorgan Chase & Co. (NYSE:JPM) Price Target Cut to $232.00

JPMorgan Chase & Co. (NYSE:JPM) had its target price cut by equities researchers at Oppenheimer from $234.00 to $232.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 5.43% from the stock’s current price.

A number of other equities analysts have also recently issued reports on JPM. Citigroup increased their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $217.94.

JPMorgan Chase & Co. Stock Down 1.0 %

Shares of NYSE:JPM traded down $2.24 during trading on Monday, hitting $220.05. 3,629,737 shares of the company’s stock traded hands, compared to its average volume of 9,121,548. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $211.79 and a 200-day moving average price of $203.73. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The company has a market cap of $631.91 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the company earned $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.75 EPS for the current fiscal year.

Institutional Investors Weigh In On JPMorgan Chase & Co.

Large investors have recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $152,000. Gerber LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $844,000. Fisher Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.0% during the fourth quarter. Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider’s stock worth $2,013,457,000 after acquiring an additional 450,098 shares during the period. Alamar Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $218,000. Finally, Willner & Heller LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $895,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.