Jefferies Believes JPMorgan Chase & Co. (NYSE:JPM) Won’t Stop Here

Jefferies analyst Ken Usdin maintained a Buy rating on JPMorgan Chase & Co. (NYSE:JPM) today and set a price target of $78. The company’s shares opened today at $69.50, close to its 52-week high of $69.95.

Currently, the analyst consensus on JP Morgan Chase is Strong Buy and the average price target is $62.25, representing a -10.4% downside. In a report issued on July 14, S&P Capital also maintained a Buy rating on the stock with a $75 price target.

JP Morgan Chase`s market cap is currently $256.8B and has a P/E ratio of 12.5. The company has a book value ratio of 1.2%.

Financial bloggers on sites such as SeekingAlpha, the MotleyFool and others, seem to have a Positive view on JPM. When evaluating the opinions of financial bloggers over the last 3 months, 86% of bloggers have indicated a Bullish sentiment, while 14% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Financial sector is 69% which is less positive than the blogger sentiment of JPM.

Unlike Jefferies` latest rating, based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2014, Linda Bammann, a director at JPM sold 17,500 shares for a total of $875,000.

According to, Usdin is a 5-star analyst with an average return of 12.1% and a 85.0% success rate. Usdin covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Regions Financing.