Raymond James Financial Inc. (NYSE: RJF) is -13.46% lower on its value in year-to-date trading and has touched a low of $82.00 and a high of $126.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RJF stock was last observed hovering at around $89.48 in the last trading session, with the day’s gains setting it 2.99% off its average median price target of $108.50 for the next 12 months. It is also 32.01% off the consensus price target high of $136.00 offered by 13 analysts, but current levels are 2.66% higher than the price target low of $95.00 for the same period.
Currently trading at $92.47, the stock is 5.85% and 2.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 3.34% at the moment leaves the stock -11.93% off its SMA200. RJF registered -0.70% loss for a year compared to 6-month loss of -25.14%.
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The stock witnessed a 0.29% gain in the last 1 month and extending the period to 3 months gives it a -14.20%, and is 3.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.62% over the month.
Raymond James Financial Inc. (RJF) has around 17000 employees, a market worth around $19.35B and $11.96B in sales. Current P/E ratio is 12.16 and Fwd P/E is 9.52. Profit margin for the company is 13.90%. Distance from 52-week low is 12.77% and -26.61% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).
Raymond James Financial Inc. (RJF) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Raymond James Financial Inc. (RJF) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Raymond James Financial Inc. is expected to release its quarterly report on 07/26/2023.The EPS is expected to grow by 5.20% this year
Raymond James Financial Inc. (RJF) Top Institutional Holders
The shares outstanding are 214.30M, and float is at 193.54M with Short Float at 2.30%.
Raymond James Financial Inc. (RJF) Insider Activity
A total of 119 insider transactions have happened at Raymond James Financial Inc. (RJF) in the last six months, with sales accounting for 58 and purchases happening 61 times. The most recent transaction is an insider sale by Perry Jodi, the company’s President, ICD for RJFS. SEC filings show that Perry Jodi sold 6,343 shares of the company’s common stock on Feb 06 at a price of $112.30 per share for a total of $0.71 million. Following the sale, the insider now owns 7150.0 shares.
Raymond James Financial Inc. disclosed in a document filed with the SEC on Dec 15 that Raney Steven M (President & CEO RJBank) sold a total of 5,577 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $107.58 per share for $0.6 million. Following the transaction, the insider now directly holds 56537.0 shares of the RJF stock.
Still, SEC filings show that on Dec 14, REILLY PAUL C (Chair & CEO) disposed off 24,016 shares at an average price of $111.27 for $2.67 million. The insider now directly holds 267,499 shares of Raymond James Financial Inc. (RJF).
Raymond James Financial Inc. (RJF): Who are the competitors?
The company’s main competitors (and peers) include The Bank of New York Mellon Corporation (BK) that is trading -8.93% down over the past 12 months and T. Rowe Price Group Inc. (TROW) that is -13.50% lower over the same period. Ameriprise Financial Inc. (AMP) is 17.29% up on the 1-year trading charts.