Thursday, 30 November 2017

JPMorgan Chase & Co. (JPM) Reaches $104.50 52-Week High; Resources Connection (RECN) Has 1.29 Sentiment

Resources Connection, Inc. provides agile consulting services in North America, Europe, and the Asia Pacific. The company has market cap of $495.61 million. The firm offers finance and accounting services, including process transformation and optimization, financial reporting and analysis, technical and operational accounting, merger and acquisition due diligence and integration, audit readiness, preparation and response, implementation of new accounting standards, and remediation support. It has a 34.13 P/E ratio. It also provides information management services, such as program and project management, business and technology integration, data strategy, and business performance management.

The stock of JPMorgan Chase & Co. (NYSE:JPM) hit a new 52-week high and has $112.86 target or 8.00% above today’s $104.50 share price. The 6 months bullish chart indicates low risk for the $362.54 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $112.86 price target is reached, the company will be worth $29.00B more. The stock increased 0.74% or $0.77 during the last trading session, reaching $104.5. About 3.94 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since November 30, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.32, from 0.87 in 2017Q1. It is positive, as 56 investors sold JPMorgan Chase & Co. shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. 2.69 billion shares or 4.21% more from 2.58 billion shares in 2017Q1 were reported. Montecito Commercial Bank & has invested 0.51% in JPMorgan Chase & Co. (NYSE:JPM). Greystone Managed Invests reported 0.65% in JPMorgan Chase & Co. (NYSE:JPM). Vantage Investment Partners Ltd Liability, a Kansas-based fund reported 419,892 shares. Alps Advsr Incorporated holds 12,858 shares. Univest Corp Of Pennsylvania accumulated 51,137 shares or 1.97% of the stock. Nuveen Asset Mngmt Limited Liability holds 0.72% or 1.22M shares in its portfolio. 4.75 million are held by Raymond James Associate. Bancshares owns 175,870 shares for 1.76% of their portfolio. Cheviot Value Mgmt Limited Liability Corporation, California-based fund reported 4,848 shares. King Luther Capital Mngmt reported 1.91M shares. Capstone Asset Co has 0.77% invested in JPMorgan Chase & Co. (NYSE:JPM). Northern Tru Corporation stated it has 48.97 million shares or 1.25% of all its holdings. Wealthtrust holds 0.84% in JPMorgan Chase & Co. (NYSE:JPM) or 17,744 shares. Moreover, Osborne Prns Capital Mgmt Ltd Liability Corporation has 3% invested in JPMorgan Chase & Co. (NYSE:JPM) for 230,579 shares. 9,708 are held by Park Avenue Secs Limited Liability Corp.

JPMorgan Chase & Co. operates as a financial services firm worldwide. The company has market cap of $362.54 billion. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management divisions. It has a 15.06 P/E ratio. The Consumer & Community Banking segment offers deposit and investment services and products to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 88 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 21 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3. Vetr upgraded the stock to “Buy” rating in Tuesday, September 1 report. The rating was maintained by Keefe Bruyette & Woods on Friday, August 18 with “Hold”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Neutral” rating by Citigroup on Friday, October 6. The firm earned “Outperform” rating on Wednesday, October 14 by Keefe Bruyette & Woods. The firm earned “Market Perform” rating on Friday, October 13 by BMO Capital Markets. BMO Capital Markets upgraded the stock to “Outperform” rating in Wednesday, September 16 report. The firm has “Buy” rating by Jefferies given on Wednesday, February 24. UBS maintained it with “Neutral” rating and $63.0 target in Friday, January 15 report.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on January, 12. They expect $1.71 earnings per share, 0.00% or $0.00 from last year’s $1.71 per share. JPM’s profit will be $5.93B for 15.28 P/E if the $1.71 EPS becomes a reality. After $1.76 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -2.84% negative EPS growth.

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on January, 3. They expect $0.20 earnings per share, up 11.11% or $0.02 from last year’s $0.18 per share. RECN’s profit will be $6.03M for 20.56 P/E if the $0.20 EPS becomes a reality. After $0.12 actual earnings per share reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

The post JPMorgan Chase & Co. (JPM) Reaches $104.50 52-Week High; Resources Connection (RECN) Has 1.29 Sentiment appeared first on Stock Market News | HillCountryTimes | Get it Today.



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