Equities researchers at Scotiabank lifted their target price on shares of JPMorgan Chase (NYSE: JPM) from $55.00 to $60.00 in a report issued on Wednesday. The firm currently has a “sector outperform” rating on the stock.
Shares of JPMorgan Chase traded up 1.05% during mid-day trading on Wednesday, hitting $50.01. JPMorgan Chase has a one year low of $30.83 and a one year high of $50.11. The stock’s 50-day moving average is currently $47.96. The company has a market cap of $190.2 billion and a P/E ratio of 9.52.
JPMorgan Chase last announced its earnings results on Wednesday, January 16th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.23. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $24.56 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that JPMorgan Chase will post $5.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of JPMorgan Chase in a research note to investors on Tuesday. They now have a $52.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JPMorgan Chase in a research note to investors on Monday. They now have a $51.00 price target on the stock. Finally, analysts at FBR Capital raised their price target on shares of JPMorgan Chase from $43.00 to $46.00 in a research note to investors on Thursday, February 28th. They now have a “market perform” rating on the stock.
Twenty-two analysts have rated the stock with a buy rating, six have given an overweight rating, seven have given a hold rating, and one has assigned an underweight rating to the company’s stock. The company presently has a consensus rating of “overweight” and a consensus price target of $54.01.
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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