At the time of writing, Raymond James Financial, Inc. [RJF] stock is trading at $121.96, up 0.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RJF shares have lost -2.04% over the last week, with a monthly amount drifted -0.19%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Raymond James Financial, Inc. [NYSE: RJF] stock has seen the most recent analyst activity on January 10, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $135 from $110. Previously, Jefferies downgraded its rating to Hold on January 09, 2024, and elevated its price target to $117. On January 04, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $121 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $116 on January 03, 2024. JP Morgan initiated its recommendation with a Neutral and recommended $121 as its price target on September 19, 2023. BofA Securities started tracking with a Buy rating for this stock on September 11, 2023, and assigned it a price target of $122.
For the past year, the stock price of Raymond James Financial, Inc. fluctuated between $82.00 and $131.19. Currently, Wall Street analysts expect the stock to reach $134.25 within the next 12 months. Raymond James Financial, Inc. [NYSE: RJF] shares were valued at $121.96 at the most recent close of the market. An investor can expect a potential return of 10.08% based on the average RJF price forecast.
Analyzing the RJF fundamentals
According to Raymond James Financial, Inc. [NYSE:RJF], the company’s sales were 13.51B for trailing twelve months, which represents an 16.26% jump. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.17 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 121.13 points at the first support level, and at 120.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.11, and for the 2nd resistance point, it is at 124.27.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 15.29.
Transactions by insiders
Recent insider trading involved GARCIA ART A, Director, that happened on Feb 09 ’24 when 879.0 shares were purchased. EVP, Gen Counsel, Secy, Santelli Jonathan N completed a deal on Jan 29 ’24 to sell 1891.0 shares. Meanwhile, President & CEO RJBank Raney Steven M sold 930.0 shares on Dec 15 ’23.
