UBS Group Forecasts Strong Price Appreciation for JPMorgan Chase & Co. (NYSE:JPM) Stock

JPMorgan Chase & Co. (NYSE:JPM) had its price objective lifted by research analysts at UBS Group from $276.00 to $287.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target points to a potential upside of 13.14% from the stock’s current price.

Other analysts have also issued reports about the company. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

NYSE JPM traded up $1.32 during trading hours on Thursday, hitting $253.67. The company had a trading volume of 11,419,287 shares, compared to its average volume of 10,832,053. The firm’s 50 day moving average is $242.60 and its 200 day moving average is $223.51. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $257.04. The company has a market capitalization of $714.16 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal year.

Institutional Trading of JPMorgan Chase & Co.

Several institutional investors have recently modified their holdings of the company. Eagle Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after buying an additional 84 shares in the last quarter. Fiera Capital Corp raised its position in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares during the period. Hardin Capital Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at $1,378,000. SYM FINANCIAL Corp boosted its position in shares of JPMorgan Chase & Co. by 1.2% in the 2nd quarter. SYM FINANCIAL Corp now owns 4,848 shares of the financial services provider’s stock valued at $981,000 after purchasing an additional 59 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $5,341,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

About JPMorgan Chase & Co.

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.