RBC Capital analyst Gerard Cassidy maintained a Buy rating on JPMorgan Chase & Co. (JPM) today and set a price target of $120. The company’s shares opened today at $115.12, close to its 52-week high of $119.24.
According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 30.3% and a 84.1% success rate. Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, State Street Corp, and Morgan Stanley.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JPMorgan Chase & Co. with a $118.50 average price target, which is a 2.9% upside from current levels. In a report issued on July 8, Morgan Stanley also maintained a Buy rating on the stock with a $125 price target.
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Based on JPMorgan Chase & Co.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $40.08 billion and net profit of $9.13 billion. In comparison, last year the company earned revenue of $32.82 billion and had a net profit of $8.26 billion.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JPM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
