The stock of Raymond James Financial Inc. (NYSE:RJF) increased by $0.31 on Friday to finish at $102.27, up 0.30 percent. The last five days have seen an average of 847,340 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$4.58. The average number of shares traded over the last 20 days was 675,185, while the average volume over the last 50 days totaled 862,884.
RJF stock dropped -5.72% since last month. On 08/25/23, the company’s shares reached a one-month low of $100.81. The stock touched a high of $126.00 on 01/26/23, after rallying from a low of $82.00 in 52 weeks. The price of RJF stock has declined by -4.29% or -$4.58 this year, reaching a new high 11 times. Still, the stock price is down -18.83% from the 52-week high.
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Insider Transactions
RJF stock investors should be aware that Raymond James Financial Inc. (RJF) stock had its last reported insider trading activity 28 days ago on Jul 31. On Jul 31, President, Fixed Income Carter Horace sold 3,753 shares at $109.12 each. This transaction resulted in the insider making $409,527. On Jun 07, Dowdle Jeffrey A sold 5,281 shares at a price of US$96.36. After the transaction, the insider now owns 48,314 shares. President, ICD for RJFS Perry Jodi had earlier sold 6,343 shares on Feb 06 for $112.30 a share. The transaction was completed for $712,319.
Valuation Metrics
Raymond James Financial Inc. (RJF) has a trailing price-to-earnings (P/E) ratio of 12.89. Beta for the stock is 1.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.71, the price-to-book (PB) ratio of 2.18.
Company paid $0.42 per share in dividends, remained unchanged from $0.42 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 5.78. As far as profitability goes, gross margin for the trailing twelve months is 89.00% percent. Raymond James Financial Inc.’s operating margin stood at 18.50% for the same period. Based on annual data, it had gross profit of $2.12 billion and revenue of $11.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RJF’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 2.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.90%.
Earnings Surprise
According to Raymond James Financial Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.29 billion, while revenues rose by 15.64% to $3.16 billion. It was predicted that Raymond James Financial Inc.’s quarterly earnings would be $1.85, but it ended up being $2.16, beating the consensus by -14.40%. EBITDA was $568.0 million for the quarter. At the end of Raymond James Financial Inc.’s most recent quarter ended June 29, its total debt was $4.23 billion. Equity owned by shareholders amounts to $208.84 million.
Technical Picture
Here’s a quick look at Raymond James Financial Inc.’s (RJF) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 30.48%, suggesting the stock is Neutral, with a 14.83% historical volatility rate.
The stochastic %K and %D were 9.55% and 8.17% respectively, while the average true range (ATR) was 2.02. Based on the 14-day stochastic reading of 18.55%, the RSI (14) reading is 37.47%. On the 9-day MACD Oscillator, the stock is at -1.36, and the 14-day reading is at -2.61.
Analyst Ratings
Analysts have assigned Raymond James Financial Inc. (RJF) an Overweight rating. RJF is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is RJF’s price target for the next 12 months?
The current consensus forecast for the stock is between $104.00 and $132.00, with a median target price of $120.00. In analyzing these forecasts, the average price target given by analysts for Raymond James Financial Inc. (RJF) is $118.89.
