Research analysts at Drexel Hamilton hoisted their earnings per share (EPS) estimates on shares of JPMorgan Chase & Co. (NYSE: JPM) in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating and a $64.00 price target on the company’s shares. Drexel Hamilton’s target price would suggest a potential upside of 16.60% from the stock’s previous close.
Shares of JPMorgan Chase & Co. (NYSE: JPM) traded up 0.40% during mid-day trading on Monday, hitting $55.11. JPMorgan Chase & Co. has a 52 week low of $33.10 and a 52 week high of $55.90. The stock’s 50-day moving average is currently $53.70. The company has a market cap of $208.4 billion and a P/E ratio of 9.18.
JPMorgan Chase & Co. (NYSE: JPM) last posted its quarterly earnings results on Friday, July 12th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.22. The company had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post $5.74 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Monday. They now have a $44.00 price target on the stock, down previously from $65.00. Separately, analysts at Mediobanca SpA reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note to investors on Thursday, July 11th. They now have a $60.00 price target on the stock. Finally, analysts at Independent Research GmbH reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note to investors on Wednesday, July 10th. They now have a $64.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $58.12.
JPMorgan Chase & Co (NYSE: JPM) is a financial holding company.