JPMorgan Chase & Co. (NYSE:JPM) has obtained a mean price target of $69.840 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $1.370 a share for the near-term quarter and $5.650 for this year.
The technical analysis of JP Morgan Chase & Co. Common St clearly shows that the moving average of 50-days of JPMorgan Chase & Co. (NYSE:JPM) stock is $65.090, and is trading $1.685 points away or +2.589% from its 50-day moving average of $65.090. Further it is trading $4.525 or +7.270% away its 200-day moving average of $62.250.
The 52-week high of JPMorgan Chase & Co. (NYSE:JPM) was $69.030 while $52.500 is the low in the same period. This state JP Morgan Chase & Co. Common St shares price has to travel more than $-2.255 to register a new high of 52-weeks or drop +27.190% to touch a new 52-week low point. MA here stands for moving average.
Taking the valuation aspect to reach the estimation of JP Morgan Chase & Co. Common St, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. JPMorgan Chase & Co. (NYSE:JPM) ratio came in at 11.316, which was derived by dividing current price of stock by yearly earnings. JP Morgan Chase & Co. Common St stock recorded a close of $66.775 in last trading session, reaching a market cap of $241.16B.
Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The JPMorgan Chase & Co. (NYSE:JPM) PEG ratio is at 2.630.
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