The financial institution rated as a strong buy by KBW.
The financial holding company JP Morgan Chase and Co’s stock has been rated as Outperform according to a note that was released by analysts at Keefe, Bruyette and Woods and is the sole bank that’s been given this rating on KBW.
The justification given by the analysts for this rating was that the total return of the financial bank is at 16% and that the firm has the leverage for higher earnings. According to the Insider Trading Report, the financial institution was at a strong buy and jumped 0.37% or 0.25 points.
In the short term, the price target has been set at $73.2 by 15 analysts. The standard deviation in the short term is estimated to be at $5.65. On Monday the trading session began with the share price at $67.62, and was seen at a high of $68.24. By the end of the day the volume of shares was at 10,323,456 and the final trade was registered at $68.07. $251,727 million is the company’s current market cap; the 52 week share price was at $70.61 on July 23, 2015 and a 52 week low at $54.26 on October, 15, 2014.
Jefferies, a brokerage firm, rated the company as a buy and raised its price target at $78 per share; the rating was issued on July 20, 2015. According to Bloomberg, 28% have suggested a Hold on the shares of JP Morgan whereas more analysts have given it a buy rating. With a target price of $78, Societe Generale has suggested it as a buy. Cutler Stephen M, officer at JP Morgan, at an average price of $69.07 unloaded 5,376 shares; this transaction was dated on July 15, 2015. The total worth of this transaction was $371,320.
$5.80, $6.30 and $7.00 are the estimated earnings per share for the years 2015, 2016 and 2017 respectively. For the bank’s stock a target price of $77 has been issued which reflects a return of 16%. The company stands at a high dividend yield of 2.60% and on shareholder’s equity there’s a 13-14% return. As compared to the rest of the big banks, there is a higher payout ratio associated with JP Morgan.
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