DZ Bank Reaffirms “Buy” Rating for JPMorgan Chase & Co. (NYSE:JPM)


Share on StockTwits

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reissued by stock analysts at DZ Bank in a report issued on Tuesday, Analyst Price Targets reports.

A number of other equities analysts have also issued reports on JPM. Barclays raised their price target on shares of JPMorgan Chase & Co. from $164.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 19th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 19th. Royal Bank of Canada raised their price target on shares of JPMorgan Chase & Co. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Bank of America raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 13th. Finally, Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $152.00 in a research note on Thursday, January 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $138.89.

Shares of JPMorgan Chase & Co. stock opened at $154.93 on Tuesday. The firm has a market capitalization of $472.77 billion, a P/E ratio of 20.25, a PEG ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $152.02 and a 200 day moving average price of $126.38. JPMorgan Chase & Co. has a 52 week low of $82.40 and a 52 week high of $161.69.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $1.17. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm had revenue of $29.22 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period last year, the firm posted $2.57 EPS. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 7.83 earnings per share for the current fiscal year.

In related news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Financial Group Inc. raised its holdings in JPMorgan Chase & Co. by 5.9% in the 1st quarter. Summit Financial Group Inc. now owns 10,676 shares of the financial services provider’s stock valued at $1,625,000 after buying an additional 595 shares during the period. Somerset Trust Co grew its position in JPMorgan Chase & Co. by 0.4% in the 1st quarter. Somerset Trust Co now owns 40,711 shares of the financial services provider’s stock valued at $6,197,000 after acquiring an additional 153 shares in the last quarter. Chesley Taft & Associates LLC grew its position in JPMorgan Chase & Co. by 30.7% in the 1st quarter. Chesley Taft & Associates LLC now owns 205,339 shares of the financial services provider’s stock valued at $31,544,000 after acquiring an additional 48,257 shares in the last quarter. Liberty One Investment Management LLC grew its position in JPMorgan Chase & Co. by 1.3% in the 1st quarter. Liberty One Investment Management LLC now owns 12,437 shares of the financial services provider’s stock valued at $1,893,000 after acquiring an additional 165 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its position in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Carroll Financial Associates Inc. now owns 57,876 shares of the financial services provider’s stock valued at $8,810,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Recommended Story: How mutual funds make money

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.