Raymond James Financial, Inc (NYSE: RJF)’s stock price has gone decline by -0.31 in comparison to its previous close of 160.64, however, the company has experienced a 2.38% increase in its stock price over the last five trading days. https://thefly.com reported 2024-11-11 that Raymond James downgraded Bloomin’ Brands to Market Perform from Outperform without a price target following the Q3 report. The firm sees lower near-term visibility and views the stake sale in Bloomin’s Brazil division as “underwhelming.” The proceeds came in below his expectations and while the stock’s “low valuation should provide some downside support,” Bloomin’s free cash flow is narrowing and its “high dividend payout may need to be revisited.”
Is It Worth Investing in Raymond James Financial, Inc (NYSE: RJF) Right Now?
The price-to-earnings ratio for Raymond James Financial, Inc (NYSE: RJF) is above average at 16.50x. The 36-month beta value for RJF is also noteworthy at 1.00. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RJF is 182.91M, and at present, short sellers hold a 3.30% of that float. The average trading volume of RJF on November 15, 2024 was 1.12M shares.
RJF’s Market Performance
RJF’s stock has seen a 2.38% increase for the week, with a 17.64% rise in the past month and a 38.12% gain in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 2.07% for Raymond James Financial, Inc. The simple moving average for the past 20 days is 6.98% for RJF’s stock, with a 29.76% simple moving average for the past 200 days.
Analysts’ Opinion of RJF
Many brokerage firms have already submitted their reports for RJF stocks, with JMP Securities repeating the rating for RJF by listing it as a “Mkt Outperform.” The predicted price for RJF in the upcoming period, according to JMP Securities is $146 based on the research report published on October 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see RJF reach a price target of $138. The rating they have provided for RJF stocks is “Overweight” according to the report published on September 12th, 2024.
RJF Trading at 19.23% 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 -2.02% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +15.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.21% upper at present.
During the last 5 trading sessions, RJF rose by +2.38%, which changed the moving average for the period of 200-days by +45.35% in comparison to the 20-day moving average, which settled at $149.71. In addition, Raymond James Financial, Inc saw 43.63% 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:
- 0.19 for the present operating margin
- 0.88 for the gross margin
The net margin for Raymond James Financial, Inc stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 18.94, with 2.56 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.99.
Conclusion
In summary, Raymond James Financial, Inc (RJF) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
