The stock price of Raymond James Financial, Inc. (NYSE: RJF) has jumped by 0.31 compared to previous close of 127.14. Despite this, the company has seen a gain of 4.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that While the top- and bottom-line numbers for Raymond James Financial (RJF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Raymond James Financial, Inc. (NYSE: RJF) Right Now?
Raymond James Financial, Inc. (NYSE: RJF) has a price-to-earnings ratio of 15.98x that is above its average ratio. Additionally, the 36-month beta value for RJF is 1.04. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for RJF is 188.54M and currently, short sellers hold a 2.26% ratio of that float. The average trading volume of RJF on April 25, 2024 was 1.08M shares.
RJF’s Market Performance
The stock of Raymond James Financial, Inc. (RJF) has seen a 4.59% increase in the past week, with a 0.85% rise in the past month, and a 13.34% gain in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 1.81% for RJF. The simple moving average for the past 20 days is 1.20% for RJF’s stock, with a 16.02% simple moving average for the past 200 days.
Analysts’ Opinion of RJF
Many brokerage firms have already submitted their reports for RJF stocks, with JP Morgan repeating the rating for RJF by listing it as a “Overweight.” The predicted price for RJF in the upcoming period, according to JP Morgan is $135 based on the research report published on January 10, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see RJF reach a price target of $117, previously predicting the price at $112. The rating they have provided for RJF stocks is “Hold” according to the report published on January 09th, 2024.
TD Cowen gave a rating of “Market Perform” to RJF, setting the target price at $121 in the report published on January 04th of the current year.
RJF Trading at 4.15% from the 50-Day Moving Average
After a stumble in the market that brought RJF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.78% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.98% upper at present.
During the last 5 trading sessions, RJF rose by +4.59%, which changed the moving average for the period of 200-days by +22.65% in comparison to the 20-day moving average, which settled at $126.13. In addition, Raymond James Financial, Inc. saw 14.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RJF starting from GARCIA ART A, who purchase 879 shares at the price of $112.30 back on Feb 09 ’24. After this action, GARCIA ART A now owns 879 shares of Raymond James Financial, Inc., valued at $98,715 using the latest closing price.
Santelli Jonathan N, the EVP, Gen Counsel, Secy of Raymond James Financial, Inc., sale 1,891 shares at $111.91 during a trade that took place back on Jan 29 ’24, which means that Santelli Jonathan N is holding 21,491 shares at $211,626 based on the most recent closing price.
Stock Fundamentals for RJF
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.98 for the gross margin
The net margin for Raymond James Financial, Inc. stands at 0.15. The total capital return value is set at 0.09. Equity return is now at value 16.69, with 2.19 for asset returns.
Based on Raymond James Financial, Inc. (RJF), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 7.21 billion with net debt to EBITDA at -0.94. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 2.95for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In conclusion, Raymond James Financial, Inc. (RJF) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
