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Thursday, January 26, 2023

JPMorgan Chase And Co. (NYSE: JPM) Gets Increased $185 Price Objective

The shares of JPMorgan Chase and Co. (NYSE: JPM) received an increase in their price objective to $185 from $170 along with a rating of ‘overweight’ from Wells Fargo and Co. analysts on Monday. This indicates an 18.48% potential upside from the present price of the stock.

On Monday the company started from $156.15 with the market cap being $476.49 billion. Their lowest in 1 year is $76.91 while the highest is $157.63. Their current, quick, and leverage ratio is 0.88, 0.88, and 1.16. Their 50 day rolling average is $142.29 while the 200 day is $119.50.

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According to their 14th January report, their quarterly EPS was $3.79, topping the $2.62 consensus estimate by almost $1.17. They had a 19.16% net margin along with a 10.85% equity return. Their revenue was $29.22 billion, surpassing the $28.74 billion estimate.

Market Undertakings Of JPM Stock

Deutsche Bank upped their price objective of the shares to 4142 from $120 and gave a rating of ‘buy’. Royal Canada Bank lifted it to $150 from $130 and gave a rating of ‘outperform’. Barclays promoted it to $172 from $164 and gave a rating of ‘overweight’.

Daiwa Capital assigned it $139 with the rating of ‘outperform’. Independent Research demoted the rating to ‘hold’ from ‘buy’ and allotted it $125. The company has the average ‘buy recommendation with a $132.03 price objective.

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Douglas Petno, the CEO, sold off 22,011 JPM shares at $129.84 EPS worth $2,857,908.24. Insiders own 0.78% JPMorgan Chase stock.

Cypress Management bought new holdings in JPM stock and owns $25,000 worth of shares. Inspire Advisors acquired a new stake, owning $27,000 worth of shares. Retirement Group purchased a new position and own $29,000 worth of shares. Intelligence Advisers bought a new stake and own $200,000 worth of shares. TFO TDC increased their stake by approximately 107.6% and their own shares priced at $45

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