JPMorgan Chase & Co. [JPM] stock Upgrade by Berenberg analyst, price target now $120

JPMorgan Chase & Co. [NYSE: JPM] slipped around -0.8 points on Friday, while shares priced at $113.71 at the close of the session, down -0.70%. The company report on September 2, 2022 that JPMorgan Ultra-Short ETF (JPST) to Transfer Listing to NYSE Arca, Inc. from Cboe BZX Exchange, Inc.

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J.P. Morgan Asset Management today announced the upcoming exchange listing transfer of the JPMorgan Ultra Short Income ETF (JPST) from Cboe BZX Exchange, Inc. to NYSE Arca, Inc. effective on September 15, 2022, at market open. The fund’s ticker symbol will remain the same. The trading of the fund and the fund’s shareholders are not anticipated to be impacted during the transfer. Shareholders are not required to take any action in connection with this listing transfer.

JPST aims to deliver current income while managing risk. The fund invests primarily in a diversified portfolio of short-term, investment-grade fixed and floating-rate corporate and structured debt while actively managing credit and duration exposure.

JPMorgan Chase & Co. stock is now -28.19% down from its year-to-date (YTD) trading value. JPM Stock saw the intraday high of $117.45 and lowest of $113.185 per share. The company’s 52-week high price is 172.96, which means current price is +7.21% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 11.96M shares, JPM reached a trading volume of 10656337 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $138.80 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.

Berenberg have made an estimate for JPMorgan Chase & Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 18, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $145 to $135. The new note on the price target was released on July 12, 2022, representing the official price target for JPMorgan Chase & Co. stock.

The Average True Range (ATR) for JPMorgan Chase & Co. is set at 2.69, with the Price to Sales ratio for JPM stock in the period of the last 12 months amounting to 5.28. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 523.10. Price to Free Cash Flow for JPM in the course of the last twelve months was 2.78.

How has JPM stock performed recently?

JPMorgan Chase & Co. [JPM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.84. With this latest performance, JPM shares gained by 1.20% in over the last four-week period, additionally sinking by -15.39% over the last 6 months – not to mention a drop of -29.13% 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 42.82, with the RSI for the last a single of trading hit 38.67, and the three-weeks RSI is set at 44.75 for JPMorgan Chase & Co. [JPM]. The present Moving Average for the last 50 days of trading for this stock 115.37, while it was recorded at 114.15 for the last single week of trading, and 134.92 for the last 200 days.

JPMorgan Chase & Co. [JPM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and JPMorgan Chase & Co. [JPM] shares currently have an operating margin of +46.05. JPMorgan Chase & Co.’s Net Margin is presently recorded at +38.11.

Return on Equity for this stock inclined to 16.78, with Return on Assets sitting at 1.35.

Earnings analysis for JPMorgan Chase & Co. [JPM]

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 1.07%.

Insider trade positions for JPMorgan Chase & Co. [JPM]

There are presently around $231,959 million, or 70.70% of JPM stock, in the hands of institutional investors. The top three institutional holders of JPM stocks are: VANGUARD GROUP INC with ownership of 269,621,229, which is approximately 1.037% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 197,568,246 shares of the stock with an approximate value of $22.47 billion in JPM stocks shares; and STATE STREET CORP, currently with $14.8 billion in JPM stock with ownership of nearly -7.555% of the company’s market capitalization.

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 1,902 institutional holders increased their position in JPMorgan Chase & Co. [NYSE:JPM] by around 96,291,258 shares. Additionally, 1,408 investors decreased positions by around 96,744,491 shares, while 314 investors held positions by with 1,846,882,716 shares. The mentioned changes placed institutional holdings at 2,039,918,465 shares, according to the latest SEC report filing. JPM stock had 133 new institutional investments in for a total of 9,185,355 shares, while 174 institutional investors sold positions of 7,911,515 shares during the same period.


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