J P Morgan Chase & Co (JPM) Given a $111.00 Price Target at Jefferies Group LLC

J P Morgan Chase & Co (NYSE:JPM) has been assigned a $111.00 price objective by research analysts at Jefferies Group LLC in a research report issued on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Group LLC’s price target indicates a potential upside of 15.64% from the company’s current price. Jefferies Group also issued estimates for J P Morgan Chase & Co’s Q3 2017 earnings at $1.67 EPS, Q4 2017 earnings at $1.72 EPS, Q1 2018 earnings at $1.78 EPS, Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $2.00 EPS and FY2019 earnings at $8.35 EPS.

Several other research analysts also recently issued reports on JPM. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of J P Morgan Chase & Co in a research note on Thursday. Citigroup Inc. upped their target price on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 target price on shares of J P Morgan Chase & Co in a research note on Friday, August 18th. Credit Suisse Group reiterated a “buy” rating and issued a $110.00 target price (up previously from $103.00) on shares of J P Morgan Chase & Co in a research note on Monday. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $89.17.

J P Morgan Chase & Co (NYSE JPM) opened at 95.99 on Friday. The company has a market cap of $337.74 billion, a PE ratio of 14.16 and a beta of 1.18. The company has a 50-day moving average of $93.35 and a 200 day moving average of $89.70. J P Morgan Chase & Co has a 12 month low of $66.74 and a 12 month high of $97.64.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.10. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.79 earnings per share for the current fiscal year.

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In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,564 shares of company stock valued at $2,605,334. 0.88% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Jackson Grant Investment Advisers Inc. increased its holdings in J P Morgan Chase & Co by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after buying an additional 12 shares during the last quarter. IPG Investment Advisors LLC increased its holdings in J P Morgan Chase & Co by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17 shares during the last quarter. BSW Wealth Partners increased its holdings in J P Morgan Chase & Co by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after buying an additional 26 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in J P Morgan Chase & Co by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after buying an additional 26 shares during the last quarter. Finally, Financial Advisory Service Inc. increased its holdings in J P Morgan Chase & Co by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after buying an additional 36 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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