Monthly Stock Report: Raymond James Financial, Inc. (RJF)
Publication Date: September 22, 2024
Company Overview
Raymond James Financial, Inc. (RJF), headquartered in Saint Petersburg, Florida, is a leading diversified financial services firm with a strong presence since its establishment in 1962. Operating within the Financial Services sector, RJF provides an extensive portfolio of services including asset management, investment banking, and brokerage services tailored for individuals, corporations, and municipalities across the United States, Canada, and Europe. Notably, the firm’s Private Client Group is dedicated to investment services and portfolio management, while its banking segment offers various loan products and deposit services. Additionally, RJF engages in private equity investments through its Other segment, reinforcing its commitment to growth within the asset management industry. The investment recommendation is firmly positioned as a “buy,” backed by a target high price of $141.00, signaling a robust outlook on the stock’s performance.
Financial Performance & Market Outlook
Raymond James Financial boasts a commendable total revenue of approximately $12.32 billion, underscoring its substantial scale and profit generation potential. Currently, the stock’s market price stands at $124.31, situated between its fifty-two week high of $131.19 and its low of $91.67, showcasing a stable trajectory over the past year. Analysts have set a target mean price of $129.80, with optimistic projections recommending a target high of $141.00 and a low price floor of $116.00, suggesting a favorable range for prospective investors. With a current short interest of only 5.33% and a total of 205,943,008 shares outstanding, RJF reflects a healthy market sentiment amidst modest short selling activity. Collectively, ten analysts present a positive overview of RJF, with a recommendation mean score of 2.5, reinforcing the stock’s growth narrative.
Technical Analysis
Reviewing RJF’s recent price action, the stock has displayed positive momentum, surpassing its fifty-day moving average of $115.43. This trend indicates that RJF has maintained strength in the market, underpinning a stable commitment from investors. Importantly, while EBITDA data is currently unavailable, the existing metrics and analyst predictions align to illustrate a stock that is well-positioned for potential growth, offering investors a timely opportunity to capitalize on the company’s promising financial landscape. With investor sentiment favoring stability and growth, Raymond James Financial emerges as a notable candidate for those looking to navigate the asset management sector.
| Metric | Value |
|---|---|
| Market Cap | $25.6b |
| Total Debt | $5.1b |
| Total Cash | $14.8b |
| Shares Outstanding | 205.9m |
| Float Shares | 184.9m |
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