Raymond James Price Target Raised to $41.00 at Susquehanna (RJF)
Equities researchers at Susquehanna increased their price target on shares of Raymond James (NYSE:RJF) from $39.00 to $41.00 in a research report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential downside of 7.70% from the company’s current price.
A number of other analysts have also recently weighed in on RJF. Analysts at Zacks reiterated an “underperform” rating on shares of Raymond James (NYSE:RJF) in a research note to investors on Wednesday. They now have a $41.00 price target on the stock.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.60.
Shares of Raymond James (NYSE:RJF) traded up 0.75% on Wednesday, hitting $44.42. 776,883 shares of the company’s stock traded hands. Raymond James has a 52 week low of $36.26 and a 52 week high of $48.22. The stock’s 50-day moving average is $43.10 and its 200-day moving average is $43.79. The company has a market cap of $6.138 billion and a P/E ratio of 18.68.
Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Raymond James will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, September 27th.
Raymond James Financial, Inc (NYSE:RJF) is a financial services holding company.
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