ValuEngine Lowers JPMorgan Chase & Co. (JPM) to Sell

JPMorgan Chase & Co. (NYSE:JPM) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other equities analysts also recently commented on JPM. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Friday, September 14th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Wolfe Research initiated coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $123.64.

Shares of JPM stock opened at $103.29 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $361.01 billion, a P/E ratio of 12.01, a PEG ratio of 1.70 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $102.20 and a 12 month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same quarter in the previous year, the firm posted $1.76 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

In related news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was bought at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arlington Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 126.6% in the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after buying an additional 500 shares during the last quarter. Investment Partners LTD. raised its holdings in shares of JPMorgan Chase & Co. by 12.5% in the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,436 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $124,000. O Brien Wealth Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,020 shares during the last quarter. Finally, Ballew Advisors Inc raised its holdings in shares of JPMorgan Chase & Co. by 104.2% in the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after buying an additional 619 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Featured Article: What is the Dow Jones Industrial Average (DJIA)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply