Here’s Why Raymond James Financial, Inc. (NYSE: RJF) Is An Attractive Investment Right Now

The trading price of Raymond James Financial, Inc. (NYSE:RJF) closed lower on Tuesday, July 16, closing at $113.51, -6.28% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 13.73. In examining the 52-week price action we see that the stock hit a 52-week high of $131.19 and a 52-week low of $91.67. Over the past month, the stock has lost -3.17% in value.

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Raymond James Financial, Inc., whose market valuation is $23.53 billion at the time of this writing. The dividend yield on the company stock is 1.56%, while its Forward Dividend ratio is 1.77. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest RJF has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.82, which symbolizes a positive outlook. A quick review shows that RJF’s price is currently -5.70% off the SMA20 and -6.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.66, and weekly volatility stands at 2.62%. When measured over the past 30 days, the indicator reaches 1.91%. Raymond James Financial, Inc. (NYSE:RJF)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 2.62.

To see how Raymond James Financial, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: RJF stock’s performance was -6.28% in the latest trading, and 7.98% in the past year. Raymond James Financial, Inc. has a P/E ratio of 13.73.

An evaluation of the daily trading volume of Raymond James Financial, Inc. (NYSE:RJF) indicates that the 3-month average is 1.01 million.

Currently, records show that 208.77 million of the company’s shares remain outstanding. The insiders hold 9.88% of outstanding shares, whereas institutions hold 75.49%. However, since the stock’s price has seen 1.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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