JP Morgan Chase (JPM) Received its Third Buy in a Row
After Merrill Lynch and Credit Suisse gave JP Morgan Chase (NYSE: JPM) a Buy rating last month, the company received another Buy, this time from Vining Sparks. Analyst Marty Mosby maintained a Buy rating on JP Morgan Chase today and set a price target of $125. The company’s shares opened today at $114.67.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JP Morgan Chase with a $126.15 average price target, a 10.0% upside from current levels. In a report issued on September 25, Wolfe Research also initiated coverage with a Buy rating on the stock with a $140 price target.
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JP Morgan Chase’s market cap is currently $387.6B and has a P/E ratio of 15.38. The company has a Price to Book ratio of 1.68.
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