Rio Tinto PLC (LON:RIO) Stock Rating Kept at JP Morgan Cazenove; The GBX 4100.00 Target Indicates 18.84% Potential; Cadinha & Co Raised Its Jpmorgan Chase & Co (JPM) Position

December 7, 2017 - By Hazel Jackson

Cadinha & Co Llc increased Jpmorgan Chase & Co (JPM) stake by 2.51% reported in 2017Q2 SEC filing. Cadinha & Co Llc acquired 4,714 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Cadinha & Co Llc holds 192,419 shares with $17.59 million value, up from 187,705 last quarter. Jpmorgan Chase & Co now has $364.03 billion valuation. The stock decreased 0.75% or $0.79 during the last trading session, reaching $104.93. About 15.48M shares traded or 23.25% up from the average. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since December 7, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

In a research report issued on 7 December, Rio Tinto PLC (LON:RIO) stock had its Overweight Rating maintained by professional analysts at JP Morgan Cazenove. They currently have a GBX 4100.00 PT on company. JP Morgan Cazenove’s target means a potential upside of 18.84% from the company’s previous stock close.

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. The rating was maintained by Jefferies on Monday, October 10 with “Buy”. The firm has “Outperform” rating by KBW given on Monday, August 17. Sandler O’Neill downgraded the shares of JPM in report on Thursday, October 6 to “Hold” rating. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by Vetr on Tuesday, September 1. Bernstein downgraded the shares of JPM in report on Tuesday, August 16 to “Market Perform” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, January 11 report. On Wednesday, February 24 the stock rating was maintained by Jefferies with “Buy”. Bank of America maintained the shares of JPM in report on Sunday, July 16 with “Buy” rating. The company was maintained on Monday, October 9 by Credit Suisse. The stock of JPMorgan Chase & Co. (NYSE:JPM) has “Hold” rating given on Thursday, June 1 by BMO Capital Markets.

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.32, from 0.87 in 2017Q1. It improved, as 56 investors sold JPM 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. 31,887 were accumulated by Patten Group Inc. 3,033 were accumulated by Qcm Cayman Limited. Braun Stacey Assocs has 281,896 shares for 1.67% of their portfolio. 10,759 are owned by Bowen Hanes Company. Thrivent For Lutherans has invested 0.05% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Acropolis Inv Management Lc has 0.23% invested in JPMorgan Chase & Co. (NYSE:JPM). Amer Research And, a Massachusetts-based fund reported 1,827 shares. Jbf Capital Inc holds 60,000 shares or 0.59% of its portfolio. Msd Prns LP holds 0.43% or 75,000 shares in its portfolio. Qvt LP holds 0.27% in JPMorgan Chase & Co. (NYSE:JPM) or 109,985 shares. Pax Ww Management Lc owns 147,018 shares or 0.76% of their US portfolio. 2.66 million are held by Thomaspartners. Mycio Wealth Prtnrs Limited Liability has 0.32% invested in JPMorgan Chase & Co. (NYSE:JPM) for 29,971 shares. Invest Mngmt Of Virginia Ltd Liability Com owns 0.85% invested in JPMorgan Chase & Co. (NYSE:JPM) for 38,812 shares. Edgemoor Invest Advsrs has 4,749 shares.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 60.58 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 10.05 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target. GBX 3368.04’s average target is -2.29% below currents GBX 3447 stock price. Rio Tinto PLC had 515 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, April 27 by Deutsche Bank. The firm earned “Buy” rating on Thursday, October 20 by Canaccord Genuity. On Wednesday, October 18 the stock rating was maintained by Deutsche Bank with “Buy”. Bernstein maintained Rio Tinto plc (LON:RIO) rating on Tuesday, September 1. Bernstein has “Outperform” rating and GBX 4000 target. The rating was maintained by Deutsche Bank with “Buy” on Thursday, January 28. As per Friday, October 23, the company rating was maintained by Bernstein. On Monday, January 18 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Overweight” rating given on Monday, November 7 by JP Morgan. The rating was maintained by BNP Paribas with “Neutral” on Tuesday, November 17. The stock of Rio Tinto plc (LON:RIO) has “Buy” rating given on Tuesday, January 5 by Haitong Securities.

The stock decreased 1.47% or GBX 51.5 during the last trading session, reaching GBX 3447. About 1.28M shares traded. Rio Tinto plc (LON:RIO) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

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