JPMorgan Chase (NYSE: JPM) was the recipient of a ratings changes during the seven days:
- JPMorgan Chase had its “buy” rating reaffirmed by analysts at ISI Group. They now have a $55.00 price target on the stock, up previously from $54.00. They wrote, “We expect JPM to remain optimistic about 2013 and the continuation of market share gains, loan growth, operating efficiency improvement, strong capital markets revenue, and stock buybacks all contributing to EPS of at least $5.40 (in our view). We also anticipate a thorough overview of JPM’s business segments, which are already performing quite well (see Table 1). For each major segment, we look for mgmt to update capital allocations and long-term ROE targets (see Table 2) and outline profit growth opportunities. Mgmt has stated that segment ROE targets should be consistent or slightly less than prior guidance due to increased line-of-business capital allocations, especially for the IB, due to more required regulatory capital. The total firm through-the-cycle ROTCE goal will likely remain 16%.”
- JPMorgan Chase had its price target raised by analysts at UBS AG from $50.00 to $52.00. They now have a “buy” rating on the stock.
- JPMorgan Chase had its price target raised by analysts at Bank of America to $55.00. They now have a “buy” rating on the stock.
- JPMorgan Chase had its price target raised by analysts at Barclays Capital from $52.00 to $56.00. They now have an “overweight” rating on the stock.
- JPMorgan Chase had its price target raised by analysts at Sanford C. Bernstein from $52.00 to $54.00.
- JPMorgan Chase had its “buy” rating reaffirmed by analysts at Citigroup. They now have a $53.00 price target on the stock.
- JPMorgan Chase had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $57.00 price target on the stock.
- JPMorgan Chase had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $58.00 price target on the stock, up previously from $56.00. They wrote, “Investor day highlighted market share gains driven by investment spend…in-line with est. Commentary on market structure regulation (derivative clearing, pre/post trade transparency) better than expected as JPM estimated topline hit of $1-2b, below our est of $1.1b-2.8b. Many puts/takes, but JPM is notably ahead of peers in providing a range. Ex Volcker which JPM expects will be reasonable.”
- JPMorgan Chase had its price target raised by analysts at FBR Capital from $43.00 to $46.00. They now have a “market perform” rating on the stock.
- JPMorgan Chase had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $51.00 price target on the stock. Zacks‘ analyst wrote, “Maintaining its track record of delivering positive earnings surprises, JPMorgan substantially surpassed the Zacks Consensus Estimate in the fourth quarter. Results largely benefited from improved revenue and lower provision for credit losses. However, these were partially offset by higher operating expense. Despite the impact of a number of legal and regulatory issues as well as fundamental pressures like low interest rate and weak loan demand, the company’s earnings reflected the underlying strength in its business segments. We anticipate continued synergies from reduction in reserves for future losses, business diversification, steadily improving retail banking performance and a strong capital position. Moreover, meaningful capital deployment activities and workforce reduction will boost investors’ confidence in the stock. Nevertheless, pressure on net interest margin, low liquidity and a stringent regulatory environment, along with various investigations as well as litigations, could slightly dent the results in the near term.”
- JPMorgan Chase had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $52.00 price target on the stock.
JPMorgan Chase opened at 49.49 on Wednesday. JPMorgan Chase has a 1-year low of $30.83 and a 1-year high of $50.11. The stock’s 50-day moving average is currently $47.96. The company has a market cap of $188.4 billion and a price-to-earnings ratio of 9.44.
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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