Raymond James Now Covered by Analysts at JMP Securities (RJF)
JMP Securities assumed coverage on shares of Raymond James (NYSE:RJF) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Raymond James (NYSE:RJF) opened at 40.51 on Wednesday. Raymond James has a 52-week low of $36.34 and a 52-week high of $48.22. The stock has a 50-day moving average of $42.30 and a 200-day moving average of $43.3. The company has a market cap of $5.598 billion and a P/E ratio of 16.97.
Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, July 24th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.64 earnings per share. Raymond James’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Raymond James will post $2.65 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Raymond James from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $43.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Raymond James from $39.00 to $41.00 in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Raymond James has a consensus rating of “Buy” and an average price target of $45.00.
Raymond James Financial, Inc (NYSE:RJF) is a financial services holding company.