The stocks of JPMorgan Chase & Co (NYSE: JPM) has received a rating of “buy” once more from The Goldman Sachs Group analysts on Friday. Currently, their target price stands at $182. This indicates a potential 19.34% upside from the current price of the stock.
Commentary On JPM Stock
Several other research analysts have issued their reports for JPM. Jefferies Financial Group increased its target price to $177 from $157 while issuing a rating of “buy” on 9th April, Friday. DA Davidson increased its price target to $182 from $179 while issuing a rating of “buy” on 15th April, Thursday. Morgan Stanley increased its target price to $150 from $142 while issuing a rating of “underweight” on 1st March, Monday. Zacks Investment Research decreased their rating to “hold” from “buy” while giving a target price of $173 on 9th June, Wednesday. Atlantic Securities reissued a rating of “neutral” while issuing a target price of $150 on 3rd May, Monday.
On Friday, the opening value of JPM was $152.51. The market capitalization value currently stands at $461.67Bn, with a 1.21 beta. The moving average over a period of 50 days currently stands at $158.02. The highest and lowest value of the stock over a period of 52 weeks currently stands at $167.44 and $90.78 respectively.
The latest quarterly earnings result of JPM was posted on 13th April, Tuesday. An EPS of $4.50 was reported beating the consensus $3.10 estimate. A 31.15% net margin and a 16.66% equity return were also reported along with a $32.20Bn revenue.
Stacey Friedman, a General Counsel, sold off 16,965 of JPM shares on 15th April, Thursday at $150.90 average price per share. Marianne Lake, an EVP, sold off 13,047 shares on 15th April, Thursday at $150.90 average price per share. Veritas Investment Partners UK Ltd., Bellwether Advisors LLC, Tower View Investment Management & Research LLC, Retirement Group LLC, and Inspire Advisors LLC.