Investors Should Take Note Of Raymond James Financial, Inc. (RJF)

Raymond James Financial, Inc. (RJF) concluded trading on Thursday at a closing price of $147.40, with 2.69 million shares of worth about $395.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.87% during that period and on October 24, 2024 the price saw a gain of about 7.31%. Currently the company’s common shares owned by public are about 203.30M shares, out of which, 185.56M shares are available for trading.

Stock saw a price change of 6.70% in past 5 days and over the past one month there was a price change of 17.83%. Year-to-date (YTD), RJF shares are showing a performance of 32.20% which increased to 55.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $91.67 but also hit the highest price of $139.40 during that period. The average intraday trading volume for Raymond James Financial, Inc. shares is 1.19 million. The stock is currently trading 12.80% above its 20-day simple moving average (SMA20), while that difference is up 19.29% for SMA50 and it goes to 22.53% higher than SMA200.

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Raymond James Financial, Inc. (NYSE: RJF) currently have 203.30M outstanding shares and institutions hold larger chunk of about 75.32% of that.

The stock has a current market capitalization of $30.36B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 15.19, while it has posted earnings per share of $9.70 in the same period. Its PEG reads 1.07 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RJF, volatility over the week remained 1.91% while standing at 1.96% over the month.

Stock’s fiscal year EPS is expected to rise by 1.65% while it is estimated to increase by 7.75% in next year. EPS is likely to shrink at an annualized rate of 14.22% for next 5-years, compared to annual growth of 15.21% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on October 09, 2024 offering a Mkt outperform rating for the stock and assigned a target price of $146 to it. Coverage by Wells Fargo stated Raymond James Financial, Inc. (RJF) stock as an Overweight in their note to investors on September 12, 2024, suggesting a price target of $138 for the stock. On July 08, 2024, Wolfe Research Downgrade their recommendations, while on January 10, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $135. Stock get a Hold rating from Jefferies on January 09, 2024.

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