Today, Credit Agricole SA Reiterates “Buy” Rating for JPMorgan Chase & Co. (JPM)

Today, Credit Agricole SA Reiterates “Buy” Rating for JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (NYSE:JPM)‘s stock had its “buy” rating reiterated by Credit Agricole SA in a research note issued to investors on Tuesday. They presently have a $79.00 price target on the financial services provider’s stock. Credit Agricole SA’s price target indicates a potential upside of 17.61% from the company’s current price.

Several other analysts also recently commented on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $79.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. Vetr raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $57.51 price objective on the stock in a report on Tuesday, July 5th. Berenberg Bank started coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 13th. They issued a “sell” rating on the stock. KeyCorp reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 12th. Finally, Citigroup Inc. downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Monday, August 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $72.38.

JPMorgan Chase & Co. (NYSE:JPM) traded up 0.70% during trading on Tuesday, reaching $67.64. 7,000,758 shares of the company traded hands. The firm has a 50-day moving average price of $67.06 and a 200-day moving average price of $64.13. The company has a market capitalization of $244.28 billion, a P/E ratio of 11.46 and a beta of 1.54. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.06.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.39 by $0.19. The business had revenue of $25.50 billion for the quarter. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post $5.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.92 annualized dividend and a yield of 2.86%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.10%.

A number of hedge funds have recently modified their holdings of JPM. Family Firm Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock valued at $217,000 after buying an additional 11 shares during the period. Marshwinds Advisory Co. boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares during the period. Nadler Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. Nadler Financial Group Inc. now owns 5,142 shares of the financial services provider’s stock valued at $320,000 after buying an additional 14 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares during the period. Finally, Evanson Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Evanson Asset Management LLC now owns 4,969 shares of the financial services provider’s stock valued at $309,000 after buying an additional 18 shares during the period. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Company Profile

Related posts

Leave a Comment