Share on StockTwits

Raymond James (NYSE:RJF) was upgraded by research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $62.00 price target on the stock, up from their previous price target of $56.00. Susquehanna’s price objective points to a potential upside of 23.09% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Raymond James in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.75.

Raymond James (NYSE:RJF) traded down 1.14% on Thursday, hitting $50.37. The stock had a trading volume of 770,024 shares. Raymond James has a 52 week low of $40.01 and a 52 week high of $56.32. The stock’s 50-day moving average is $50.32 and its 200-day moving average is $51.0. The company has a market cap of $7.065 billion and a price-to-earnings ratio of 15.92.

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 $3.21 EPS for the current fiscal year.

Raymond James Financial, Inc (NYSE:RJF) is a financial holding company.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.