Raymond James’s “Neutral” Rating Reaffirmed at Citigroup Inc. (RJF)
Raymond James (NYSE:RJF)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Friday. They currently have a $55.00 price objective on the stock, up from their previous price objective of $53.00. Citigroup Inc.’s price target would indicate a potential upside of 8.55% from the stock’s previous close.
Shares of Raymond James (NYSE:RJF) traded down 1.54% during mid-day trading on Friday, hitting $50.67. 957,606 shares of the company’s stock traded hands. Raymond James has a one year low of $40.01 and a one year high of $56.32. The stock has a 50-day moving average of $50.16 and a 200-day moving average of $51.09. The company has a market cap of $7.107 billion and a P/E ratio of 16.08.
Raymond James (NYSE:RJF) last released its earnings data on Wednesday, July 23rd. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $0.65 earnings per share. Raymond James’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Raymond James will post $3.17 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on RJF. Analysts at Nomura raised their price target on shares of Raymond James from $59.00 to $60.00 in a research note on Wednesday, July 9th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Raymond James in a research note on Wednesday, July 2nd. They now have a $54.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Raymond James from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $54.00 price target on the stock, down previously from $59.00. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Raymond James presently has an average rating of “Hold” and a consensus target price of $54.13.
Raymond James Financial, Inc (NYSE:RJF) is a financial holding company.
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