Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $70.73 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 $5.67 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 10.38. 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 2.16. Technical Analysis The technical analysis highlights that JP Morgan Chase & Co. Common St current price is trading $-1.89 points away -2.99% from $63.15, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $60.99 and, for now, the stock price is trading $0.27 or +0.45% away from that point. The 52-week high of JPMorgan Chase & Co. (NYSE:JPM) was $70.61 while lowest point recorded in 52-week was $50.07. It implies if stock price makes a movement of over $-9.35, it will record a new 52-week high. In the case of $+22.35% points drop, it will touch a new 52-week low.
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