Oppenheimer Assigned a Hold Rating to JP Morgan ChaseBy Jason Carr
In a report released yesterday, Chris Kotowski from Oppenheimer assigned a Hold rating to JP Morgan Chase (NYSE: JPM). The company’s shares closed yesterday at $69.11, close to its 52-week high of $69.77.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 3.4% and a 62.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Discover Financial Services, and Leucadia National Corp.
Currently, the analyst consensus on JP Morgan Chase is Moderate Buy and the average price target is $72, representing a 4.2% upside.
In a report issued on October 16, BMO Capital also downgraded the stock to Hold.
The company has a one year high of $69.77 and a one year low of $52.50. Currently, JP Morgan Chase has an average volume of 13.52M.
Based on the recent corporate insider activity of 88 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. Most recently, in January 2014, Linda Bammann, a a Director at JPM sold 17,500 shares for a total of $875,000.