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Raymond James Financial Inc. (NYSE: RJF): A Stock Worth Watching

Raymond James Financial Inc. (NYSE:RJF) shares, rose in value on Friday, 05/13/22, with the stock price up by 3.25% to the previous day’s close as strong demand from buyers drove the stock to $94.99.

Actively observing the price movement in the last trading, the stock closed the session at $92.00, falling within a range of $93.00 and $95.95. The value of beta (5-year monthly) was 1.19 whereas the PE ratio was 13.10 over 12-month period. Referring to stock’s 52-week performance, its high was $117.37, and the low was $81.96. On the whole, RJF has fluctuated by -14.91% over the past month.

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With the market capitalization of Raymond James Financial Inc. currently standing at about $20.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. The company’s Forward Dividend Ratio is 1.36, with its dividend yield at 1.43%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.73, which is expected to increase to $1.77 for fiscal year $6.83 and then to about $7.87 by fiscal year 2023. Data indicates that the EPS growth is expected to be -3.10% in 2023, while the next year’s EPS growth is forecast to be 15.20%.

Analysts have estimated the company’s revenue for the quarter at $2.62 billion, with a low estimate of $2.59 billion and a high estimate of $2.65 billion. According to the average forecast, sales growth in current quarter could jump up 25.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $10.69 billion, representing an increase of 9.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that RJF’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

11 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 7 recommend it as a Buy and 0 called the RJF stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

The stock’s technical analysis shows that the PEG ratio is about 1.53, with the price of RJF currently trading nearly -6.85% and -8.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.59, while the 7-day volatility ratio is showing 3.39% which for the 30-day chart, stands at 3.59%. Furthermore, Raymond James Financial Inc. (RJF)’s beta value is 1.10, and its average true range (ATR) is 3.68. The company’s stock has been forecasted to trade at an average price of $129.43 over the course of the next 52 weeks, with a low of $115.00 and a high of $140.00. Based on these price targets, the low is -21.07% off current price, whereas the price has to move -47.38% to reach the yearly target high. Additionally, analysts’ median price of $126.00 is likely to be welcomed by investors because it represents a decrease of -32.65% from the current levels.

A comparison of Raymond James Financial Inc. (RJF) with its peers suggests the former has fared considerably weaker in the market. RJF showed an intraday change of 3.25% in last session, and over the past year, it grew by 6.20%%. In comparison, The Bank of New York Mellon Corporation (BK) has moved higher at 1.52% on the day and was down -16.07% over the past 12 months. On the other hand, the price of T. Rowe Price Group Inc. (TROW) has risen 2.28% on the day. The stock, however, is off -35.18% from where it was a year ago. Additionally, there is a gain of 4.24% for Ameriprise Financial Inc. (AMP) in last trading while the stock has seen an overall depriciation of 1.27%% over the past year. The PE ratio stands at 13.10 for Raymond James Financial Inc., compared to 11.07 for The Bank of New York Mellon Corporation, and 9.86 for T. Rowe Price Group Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Raymond James Financial Inc. (NYSE:RJF) indicates that the trading volumes over the past 3 months, they’ve averaged 1.32 million. According to company’s latest data on outstanding shares, there are 206.30 million shares outstanding.

Nearly 0.50% of Raymond James Financial Inc.’s shares belong to company insiders and institutional investors own 75.10% of the company’s shares. The stock has fallen by -5.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RJF stock heading into the next quarter.

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