Analysts Set Raymond James (NYSE:RJF) Price Target at $140.91

Shares of Raymond James (NYSE:RJF) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $140.91.

RJF has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Jefferies Financial Group boosted their price target on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Bank of America increased their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, JMP Securities increased their target price on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th.

Raymond James Price Performance

RJF stock opened at $165.18 on Wednesday. The firm has a market cap of $34.02 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. Raymond James has a 1 year low of $102.42 and a 1 year high of $165.42. The stock has a 50-day simple moving average of $139.90 and a 200-day simple moving average of $125.89.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company earned $2.13 earnings per share. Raymond James’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts predict that Raymond James will post 10.83 earnings per share for the current fiscal year.

Institutional Trading of Raymond James

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Raymond James by 31.4% in the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after buying an additional 2,898,242 shares during the last quarter. State Street Corp raised its stake in Raymond James by 0.7% during the third quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock worth $976,587,000 after acquiring an additional 54,265 shares during the period. Geode Capital Management LLC lifted its holdings in Raymond James by 0.3% in the third quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock worth $531,013,000 after acquiring an additional 12,869 shares during the last quarter. AGF Management Ltd. boosted its stake in Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock valued at $318,972,000 after acquiring an additional 378,033 shares during the period. Finally, Earnest Partners LLC grew its holdings in shares of Raymond James by 1.5% during the second quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider’s stock valued at $309,689,000 after purchasing an additional 37,173 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.