Keefe Bruyette slashes price target on JPMorgan Chase & Co. [JPM] – find out why.

JPMorgan Chase & Co. [NYSE: JPM] loss -0.80% on the last trading session, reaching $151.78 price per share at the time. The company report on July 28, 2021 that Chase Merchant Services Study* Reveals August Will Be Peak Season for Road-Trips With Air Travel to Take Flight in the Fall.

Pent-up demand for travel means Canadians are planning to vacation longer, and increase spending on leisure trips.

A recent study conducted by Chase Merchant Services reveals that 71 percent of Canadians who plan to travel will be taking road-trips exclusively within Canada, as August’s peak travel season approaches. While vaccination rates and safety precautions remain a determining factor when planning travel, Canadians are ready to vacation within the next six months as a way to spend more time with family and friends after months of lockdown.

JPMorgan Chase & Co. represents 3.07 billion in outstanding shares, while the company has a total market value of $463.15 billion with the latest information. JPM stock price has been found in the range of $151.20 to $153.67.

If compared to the average trading volume of 14.10M shares, JPM reached a trading volume of 9751878 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about JPMorgan Chase & Co. [JPM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JPM shares is $167.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JPM stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for JPMorgan Chase & Co. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 07, 2021. The new note on the price target was released on April 27, 2021, representing the official price target for JPMorgan Chase & Co. stock. Previously, the target price had yet another raise from $110 to $152, while Jefferies kept a Buy rating on JPM stock.

The Average True Range (ATR) for JPMorgan Chase & Co. is set at 3.10, with the Price to Sales ratio for JPM stock in the period of the last 12 months amounting to 8.04. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 528.57.

Trading performance analysis for JPM stock

JPMorgan Chase & Co. [JPM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.76. With this latest performance, JPM shares dropped by -2.42% in over the last four-week period, additionally plugging by 17.96% over the last 6 months – not to mention a rise of 56.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JPM stock in for the last two-week period is set at 46.41, with the RSI for the last a single of trading hit 47.18, and the three-weeks RSI is set at 46.42 for JPMorgan Chase & Co. [JPM]. The present Moving Average for the last 50 days of trading for this stock 156.46, while it was recorded at 151.92 for the last single week of trading, and 140.70 for the last 200 days.

JPMorgan Chase & Co. [JPM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and JPMorgan Chase & Co. [JPM] shares currently have an operating margin of +26.45. JPMorgan Chase & Co.’s Net Margin is presently recorded at +23.04.

Return on Total Capital for JPM is now 4.03, given the latest momentum, and Return on Invested Capital for the company is 5.28. Return on Equity for this stock inclined to 10.72, with Return on Assets sitting at 0.95. When it comes to the capital structure of this company, JPMorgan Chase & Co. [JPM] has a Total Debt to Total Equity ratio set at 203.39. Additionally, JPM Total Debt to Total Capital is recorded at 67.04, with Total Debt to Total Assets ending up at 16.78. Long-Term Debt to Equity for the company is recorded at 112.01, with the Long-Term Debt to Total Capital now at 32.95.

Reflecting on the efficiency of the workforce at the company, JPMorgan Chase & Co. [JPM] managed to generate an average of $113,542 per employee.

JPMorgan Chase & Co. [JPM]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JPM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for JPMorgan Chase & Co. go to 3.00%.

An analysis of insider ownership at JPMorgan Chase & Co. [JPM]

There are presently around $329,449 million, or 72.90% of JPM stock, in the hands of institutional investors. The top three institutional holders of JPM stocks are: VANGUARD GROUP INC with ownership of 263,068,129, which is approximately 8.077% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 198,355,636 shares of the stock with an approximate value of $30.11 billion in JPM stocks shares; and STATE STREET CORP, currently with $21.54 billion in JPM stock with ownership of nearly 4.837% of the company’s market capitalization.

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Positions in JPMorgan Chase & Co. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,567 institutional holders increased their position in JPMorgan Chase & Co. [NYSE:JPM] by around 107,133,433 shares. Additionally, 1,450 investors decreased positions by around 109,577,945 shares, while 299 investors held positions by with 1,953,859,012 shares. The mentioned changes placed institutional holdings at 2,170,570,390 shares, according to the latest SEC report filing. JPM stock had 184 new institutional investments in for a total of 8,959,447 shares, while 87 institutional investors sold positions of 16,410,066 shares during the same period.

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