Why JPMorgan Chase & Co. (NYSE:JPM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $69.58 on JPMorgan Chase & Co. (NYSE:JPM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.63 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of JPMorgan Chase & Co. (NYSE:JPM) stands at 11.07.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For JP Morgan Chase & Co. Common St, the PEG ratio for coming 3-5 years is 2.61.

Technical Analysis

The technical analysis highlights that JP Morgan Chase & Co. Common St current is trading $2.14 points away or +3.39% from its 50-day moving average of $63.18. Further it is trading $3.96 or +6.45% away its 200-day moving average of $61.36.

The 52-week high of JPMorgan Chase & Co. (NYSE:JPM) was $69.03 while lowest point recorded in 52-week was $50.07. It implies if stock price makes a movement of over $-3.71, it will record a new 52-week high. In the case of +30.46% drop, it will touch a new 52-week low.

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