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Barclays Thinks JPMorgan Chase & Co.’s Stock is Going to Recover

Barclays analyst Jason Goldberg maintained a Buy rating on JPMorgan Chase & Co. (JPMResearch Report) yesterday and set a price target of $200.00. The company’s shares closed last Tuesday at $133.34, close to its 52-week low of $127.27.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 11.1% and a 56.4% success rate. Goldberg covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Amalgamated Bank, and US Bancorp.

JPMorgan Chase & Co. has an analyst consensus of Moderate Buy, with a price target consensus of $172.06, representing a 28.3% upside. In a report issued on March 28, RBC Capital also maintained a Buy rating on the stock with a $175.00 price target.

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Based on JPMorgan Chase & Co.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $29.28 billion and net profit of $10.4 billion. In comparison, last year the company earned revenue of $29.24 billion and had a net profit of $12.14 billion.

Based on the recent corporate insider activity of 221 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JPM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

JPMorgan Chase & Co. provides financial and investment banking services. It operates through the major segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset & Wealth Management. The company was founded in 1968 and is headquartered in New York, NY.

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