S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

The Goldman Sachs Group Analysts Give JPMorgan Chase & Co. (NYSE:JPM) a $193.00 Price Target

Last updated on Thursday, January 6, 2022 | 2022 MarketBeat

JPMorgan Chase & Co. (NYSE:JPM) has been assigned a $193.00 price objective by equities researchers at The Goldman Sachs Group in a research note issued to investors on Thursday, Borsen Zeitung reports. The Goldman Sachs Group's price objective would suggest a potential upside of 16.60% from the stock's current price.

A number of other brokerages also recently issued reports on JPM. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating and set a $185.00 price objective for the company. in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the stock a "buy" rating in a research report on Monday, October 11th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $166.00 to $184.00 and gave the stock an "underweight" rating in a research report on Monday, December 6th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a "market perform" rating in a research report on Thursday, October 14th. Finally, Credit Suisse Group set a $177.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, October 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $174.55.

Shares of NYSE:JPM traded up $1.74 during midday trading on Thursday, hitting $165.52. 14,043,827 shares of the company's stock were exchanged, compared to its average volume of 16,224,256. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50 day moving average price of $162.61 and a 200-day moving average price of $160.17. The company has a market cap of $489.16 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $127.35 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same period in the prior year, the firm posted $2.92 EPS. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 14.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its stake in JPMorgan Chase & Co. by 100.0% in the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider's stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Turim 21 Investimentos Ltda. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth approximately $36,000. Advocacy Wealth Management Services LLC lifted its stake in JPMorgan Chase & Co. by 94.3% in the 3rd quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider's stock worth $51,000 after purchasing an additional 150 shares in the last quarter. PFG Private Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $59,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in JPMorgan Chase & Co. by 146.1% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 374 shares of the financial services provider's stock worth $61,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 69.51% of the company's stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Read More: Technical Analysis

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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