Monday, October 15, 2012

JMP Securities raised JPMorgan Chase stock price target oct 15 2012

 JMP Securities raised JPMorgan Chase stock price target oct 15 2012 : Equities research analysts at JMP Securities raised their price target on shares of JPMorgan Chase (NYSE: JPM) to $31.00 in a research note issued to investors on Monday. The firm currently has an “underperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Credit Agricole reiterated an “underperform” rating on shares of JPMorgan Chase in a research note to investors on Friday. They now have a $46.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of JPMorgan Chase in a research note to investors on Wednesday, October 10th. They set a “buy” rating on the stock. Finally, analysts at Citigroup raised their price target on shares of JPMorgan Chase from $43.00 to $48.00 in a research note to investors on Monday, September 17th. They now have a “buy” rating on the stock.

JPMorgan Chase traded up 0.53% on Monday, hitting $41.84. JPMorgan Chase has a 52-week low of $28.28 and a 52-week high of $46.49. The company has a market cap of $169.4 billion and a price-to-earnings ratio of 8.80.

JPMorgan Chase last posted its quarterly earnings results on Friday, October 12th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.23. The company had revenue of $25.90 billion for the quarter, compared to the consensus estimate of $24.07 billion. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that JPMorgan Chase will post $4.78 EPS for the current fiscal year.

JPMorgan Chase & Co (JPMorgan Chase) is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations.

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