Raymond James (NYSE:RJF) had its price objective raised by equities researchers at Citigroup from $87.00 to $93.00 in a research report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup‘s price objective would indicate a potential upside of 6.08% from the company’s previous close.
A number of other analysts have also weighed in on RJF. ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded shares of Raymond James from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Co upped their target price on shares of Raymond James from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.63.
NYSE:RJF traded down $0.13 on Monday, reaching $87.67. 13,332 shares of the company’s stock were exchanged, compared to its average volume of 1,052,186. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $12.20 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. Raymond James has a 52-week low of $69.11 and a 52-week high of $102.17.
Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.06. Raymond James had a net margin of 12.79% and a return on equity of 15.86%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts expect that Raymond James will post 7.32 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in RJF. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Raymond James in the fourth quarter valued at approximately $26,000. CSat Investment Advisory L.P. increased its stake in Raymond James by 86.5% in the fourth quarter. CSat Investment Advisory L.P. now owns 345 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 160 shares during the last quarter. Bremer Trust National Association purchased a new position in Raymond James in the fourth quarter valued at approximately $31,000. Executive Wealth Management LLC purchased a new position in Raymond James in the fourth quarter valued at approximately $33,000. Finally, Private Capital Group LLC increased its stake in Raymond James by 103.4% in the fourth quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 71.56% of the company’s stock.
About Raymond James
Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.
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