JPMorgan Chase & Co. (NYSE:JPM) receives $130.00 price target at Royal Bank of Canada

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JPMorgan Chase & Co. (NYSE: JPM) was given a price target of $130.00 by equity researchers at Royal Bank of Canada in a research report released on Tuesday, Borsen Zeitung reports. Royal Bank of Canada’s price target indicates a potential upside of 14.30% from the stock’s previous close.

A number of other equity research analysts have also recently published reports on the company. Piper Sandler lowered its price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a Friday, July 1 research note. BMO Capital Markets raised its price target on JPMorgan Chase & Co. shares from $150.00 to $156.00 in a Tuesday, May 24 research report. Credit Suisse Group set a target price of $145.00 on JPMorgan Chase & Co. shares in a Monday, August 8, research note. Jefferies Financial Group lowered its price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a Monday, July 11 research report. Finally, Morgan Stanley cut its price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a Tuesday, July 12 research report. One analyst rated the stock with a sell rating, eight gave the stock a hold rating and nine gave the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.95.

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NYSE: JPM traded $0.03 during trading hours on Tuesday, hitting $113.74. 9,735,952 shares were traded, against an average volume of 14,514,534. The stock has a market capitalization of $333.55 billion, a PE ratio of 9.13, a PEG ratio of 2.01 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a 50-day moving average of $115.36 and a 200-day moving average of $125.46. The company has a debt ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its results on Thursday, July 14. The financial services provider reported EPS of $2.76 for the quarter, reaching the consensus estimate of $2.76. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company posted revenue of $30.72 billion in the quarter, compared to $31.82 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $3.78. The company’s revenue increased 0.8% year-over-year. On average, stock analysts expect JPMorgan Chase & Co. to post earnings per share of 11.31 for the current year.

Institutional entries and exits

Hedge funds have recently changed their stock holdings. Dravo Bay LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth approximately $26,000. HBC Financial Services PLLC increased its equity stake in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider worth $27,000 after buying 90 more shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. stock during Q2 for $32,000. Financial Connections Group Inc. increased its stake in JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider worth $34,000 after buying 100 more shares in the last quarter. Finally, Advanced Research Investment Solutions LLC increased its position in JPMorgan Chase & Co. by 118.2% in the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider valued at $39,000 after acquiring 156 additional shares in the last quarter. Institutional investors hold 68.57% of the company’s shares.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a worldwide financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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