What Do Wall Street Analysts Think About JPMorgan Chase & Co. (NYSE: JPM) Stock?

JPMorgan Chase & Co. (NYSE:JPM) traded at $205.75 at last check on current trade day and made a downward move of -0.02% on its previous day’s price.

Looking at the stock we see that its previous close was $205.80 with the day’s price range being $203.67 – $207.14. The company has a trailing 12-month PE ratio of 11.48. In terms of its 52-week price range, JPM has a high of $217.56 and a low of $135.19. The company’s stock has gained about 0.40% over that past 30 days.

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JPMorgan Chase & Co. has a market cap of $585.39 billion. With its Forward Dividend at 4.40 and a yield of 2.14%, the company’s investors could be anxious for the JPM stock to gain ahead of the earnings release.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the JPMorgan Chase & Co. (JPM) stock as a Hold, while 17 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the JPM stock currently stands at 3.61, and the most recent price level today is -1.13% off its SMA20 and 1.10% from its 50-day simple moving average. The RSI (14) is pointing at 50.36 while the volatility over the past week is 2.65% and jumps to 2.27% over the past one month. The beta value is 1.10, while the average true range (ATR) is currently pointing at 4.89. The average price target for the stock over the next 12 months is $195, with the estimates having a low of $120 and a high of $239. These price ends are 41.68% and -16.16% off the today’s price level respectively, although investors could be excited at the prospect of a 5.22% if the JPM share price touches on the median price of $195.

Coming back to JPMorgan Chase & Co. (NYSE:JPM), we note that the average 3-month trading volume was 9.34 million, while that of the preceding 10-day period stands at 10.05 million. Current shares outstanding are 2.88 billion.

The insiders hold 0.38% of the company’s shares while institutions hold 74.29%. The data shows that short shares as of 2024-07-15, stood at 22.58 million at a short ratio of 2.26. This represents a 80.00 short interest in shares outstanding on 2024-07-15. Shares short rose in July from the previous month at 21.62 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 20.96% up in year-to-date price movement.

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