J.P. Morgan Remains a Buy on CK Hutchison Holdings (CKHUF)
In a report released today, Karl Chan from J.P. Morgan maintained a Buy rating on CK Hutchison Holdings, with a price target of HK$54.00. The company’s shares opened today at $6.22.
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According to TipRanks, Chan is a 4-star analyst with an average return of 8.8% and a 61.63% success rate. Chan covers the Real Estate sector, focusing on stocks such as Hongkong Land Holdings, CK Asset Holdings, and Henderson Land Development Co.
Currently, the analyst consensus on CK Hutchison Holdings is a Moderate Buy with an average price target of $7.07.
Based on CK Hutchison Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $144.9 billion and a net profit of $6.88 billion. In comparison, last year the company earned a revenue of $142.2 billion and had a net profit of $12.29 billion
