Raymond James Financial, Inc. [RJF] stock prices are up 0.69% to $124.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RJF shares have gain 1.78% over the last week, with a monthly amount glided 4.66%, and 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 September 12, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $138. Previously, Wolfe Research downgraded its rating to Peer Perform on July 08, 2024. On January 10, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $135 on the stock. Jefferies downgraded its rating to a Hold and increased its price target to $117 on January 09, 2024. TD Cowen initiated its recommendation with a Market Perform and recommended $121 as its price target on January 04, 2024. Goldman downgraded its rating to Neutral for this stock on January 03, 2024, and downed its price target to $116. In a note dated September 19, 2023, JP Morgan initiated an Neutral rating and provided a target price of $121 on this stock.
The stock price of Raymond James Financial, Inc. [RJF] has been fluctuating between $91.67 and $131.19 over the past year. Currently, Wall Street analysts expect the stock to reach $130.6 within the next 12 months. Raymond James Financial, Inc. [NYSE: RJF] shares were valued at $124.70 at the most recent close of the market. An investor can expect a potential return of 4.73% based on the average RJF price forecast.
Analyzing the RJF fundamentals
The Raymond James Financial, Inc. [NYSE:RJF] reported sales of 14.40B for trailing twelve months, representing a surge of 13.22%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.18 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 123.14 points at the first support level, and at 121.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.84, and for the 2nd resistance point, it is at 126.98.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 2.31 and price to earnings (TTM) ratio is 14.07.
Transactions by insiders
Recent insider trading involved Elwyn Tashtego S, CEO & President – RJA, that happened on Aug 12 ’24 when 31277.0 shares were sold. Officer, Elwyn Tashtego S completed a deal on Aug 12 ’24 to buy 31277.0 shares. Meanwhile, Executive Vice President-RJA Allaire Bella Loykhter sold 17363.0 shares on Jul 31 ’24.
