At the time of writing, JPMorgan Chase & Co. [JPM] stock is trading at $198.86, down -0.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The JPM shares have gain 2.07% over the last week, with a monthly amount glided 7.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
JPMorgan Chase & Co. [NYSE: JPM] stock has seen the most recent analyst activity on January 09, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $190 from $140. Previously, Daiwa Securities upgraded its rating to Buy on December 18, 2023. On November 02, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $140 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $159 on September 07, 2023. Citigroup downgraded its rating to a Neutral but $160 remained the price target by the analyst firm on July 12, 2023. Jefferies upgraded its rating to Buy for this stock on July 11, 2023, and upped its price target to $165. In a note dated July 10, 2023, Societe Generale downgraded an Hold rating on this stock.
For the past year, the stock price of JPMorgan Chase & Co. fluctuated between $126.22 and $200.94. Currently, Wall Street analysts expect the stock to reach $166.09 within the next 12 months. JPMorgan Chase & Co. [NYSE: JPM] shares were valued at $198.86 at the most recent close of the market. An investor can expect a potential drop of -16.48% based on the average JPM price forecast.
Analyzing the JPM fundamentals
According to JPMorgan Chase & Co. [NYSE:JPM], the company’s sales were 242.56B for trailing twelve months, which represents an 33.10% jump. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.16 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 198.03 points at the first support level, and at 197.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 199.73, and for the 2nd resistance point, it is at 200.61.
JPMorgan Chase & Co. [JPM] reported earnings per share of $3.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.32/share, meaning a difference of -$0.28 and a surprise factor of -8.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.33 per share as compared to estimates of $3.96 per share, a difference of $0.37 representing a surprise of 9.30%.
Ratios To Look Out For
It is important to note that JPMorgan Chase & Co. [NYSE:JPM] has a current ratio of 1.32. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 12.26.
Transactions by insiders
Recent insider trading involved Beer Lori A, Chief Information Officer, that happened on Mar 25 ’24 when 3920.0 shares were sold. Chairman & CEO, DIMON JAMES completed a deal on Feb 22 ’24 to sell 0.82 million shares. Meanwhile, Co-CEO Comm. & Invest. Bank Rohrbaugh Troy L sold 75000.0 shares on Feb 22 ’24.
