The stock of Raymond James Financial, Inc. (RJF) has gone down by -3.91% for the week, with a -4.79% drop in the past month and a 11.23% rise in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are 2.04% for RJF. The simple moving average for the last 20 days is -1.91% for RJF’s stock, with a simple moving average of 11.02% for the last 200 days.
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 14.73x that is above its average ratio. Additionally, the 36-month beta value for RJF is 1.05. 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 2.13% ratio of that float. The average trading volume of RJF on May 02, 2024 was 1.03M shares.
RJF) stock’s latest price update
Raymond James Financial, Inc. (NYSE: RJF)’s stock price has gone rise by 0.45 in comparison to its previous close of 122.00, however, the company has experienced a -3.91% decrease in its stock price over the last five trading days. Market Watch reported 2024-04-30 that There are always doom-and-gloom warnings in the financial media that the stock market is headed for a tumble, regardless of market conditions. These days, some warnings center on stock valuations appearing to be high relative to expected earnings compared to historical levels.
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 -0.43% 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 -6.59% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -5.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.24% upper at present.
During the last 5 trading sessions, RJF fell by -3.91%, which changed the moving average for the period of 200-days by +14.94% in comparison to the 20-day moving average, which settled at $124.58. In addition, Raymond James Financial, Inc. saw 9.91% 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 Raney Steven M, who sale 4,174 shares at the price of $121.01 back on Apr 26 ’24. After this action, Raney Steven M now owns 51,009 shares of Raymond James Financial, Inc., valued at $505,107 using the latest closing price.
GARCIA ART A, the Director of Raymond James Financial, Inc., purchase 879 shares at $112.30 during a trade that took place back on Feb 09 ’24, which means that GARCIA ART A is holding 879 shares at $98,715 based on the most recent closing price.
Stock Fundamentals for RJF
Current profitability levels for the company are sitting at:
- 0.56 for the present operating margin
- 0.98 for the gross margin
The net margin for Raymond James Financial, Inc. stands at 0.14. The total capital return value is set at 0.09. Equity return is now at value 16.98, with 2.21 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 3.7.
Currently, EBITDA for the company is 7.21 billion with net debt to EBITDA at -1.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 3.15for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In conclusion, Raymond James Financial, Inc. (RJF) has seen mixed 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.
