Raymond James Financial, Inc. (NYSE: RJF) has a price-to-earnings ratio that is above its average at 12.84x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for RJF is 185.62M, and at present, short sellers hold a 3.76% of that float. On August 14, 2024, the average trading volume of RJF was 1.29M shares.
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RJF) stock’s latest price update
Raymond James Financial, Inc. (NYSE: RJF)’s stock price has soared by 1.80 in relation to previous closing price of 111.79. Nevertheless, the company has seen a gain of 6.08% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-29 that Charles Schwab shares dropped 9% after a disappointing quarterly report, announcing a shift to rely more on third-party banks for capital and funding risks. This caused Raymond James Financial, Inc. stock to sell off. However, Raymond James is outperforming Schwab operationally with better balance sheet management, strategic foresight, and strong financial resilience, leading to my strong buy opinion. Raymond James’ strong growth in assets under management, revenue, and strategic initiatives position them as an ideal long-term investment with potential upside.
RJF’s Market Performance
Raymond James Financial, Inc. (RJF) has seen a 6.08% rise in stock performance for the week, with a 0.25% gain in the past month and a -10.37% plunge in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 3.17% for RJF. The simple moving average for the past 20 days is 1.95% for RJF’s stock, with a -1.71% simple moving average for the past 200 days.
Analysts’ Opinion of RJF
JP Morgan, on the other hand, stated in their research note that they expect to see RJF reach a price target of $135, previously predicting the price at $110. The rating they have provided for RJF stocks is “Overweight” according to the report published on January 10th, 2024.
Jefferies gave a rating of “Hold” to RJF, setting the target price at $117 in the report published on January 09th of the current year.
RJF Trading at -2.36% 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 -13.26% of loss for the given period.
Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +0.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.56% lower at present.
During the last 5 trading sessions, RJF rose by +6.46%, which changed the moving average for the period of 200-days by +18.47% in comparison to the 20-day moving average, which settled at $111.66. In addition, Raymond James Financial, Inc. saw 2.06% 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 Elwyn Tashtego S, who sale 31,277 shares at the price of $109.64 back on Aug 12 ’24. After this action, Elwyn Tashtego S now owns 35,380 shares of Raymond James Financial, Inc., valued at $3,429,263 using the latest closing price.
Elwyn Tashtego S, the Officer of Raymond James Financial, Inc., proposed sale 31,277 shares at $109.64 during a trade that took place back on Aug 12 ’24, which means that Elwyn Tashtego S is holding shares at $3,429,142 based on the most recent closing price.
Stock Fundamentals for RJF
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.9 for the gross margin
The net margin for Raymond James Financial, Inc. stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 17.93, with 2.40 for asset returns.
Based on Raymond James Financial, Inc. (RJF), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 5.54.
Currently, EBITDA for the company is 7.21 billion with net debt to EBITDA at -1.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 2.23for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, Raymond James Financial, Inc. (RJF) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
