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

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

A number of research firms have issued reports on RJF. JMP Securities boosted their price objective on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price target on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their target price on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Bank of America boosted their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Institutional Trading of Raymond James

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its position in Raymond James by 77.0% in the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 104 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Raymond James by 7.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,185 shares of the financial services provider’s stock valued at $2,078,000 after buying an additional 1,067 shares during the period. Seven Eight Capital LP bought a new position in shares of Raymond James during the first quarter worth about $775,000. Clearbridge Investments LLC boosted its holdings in Raymond James by 20.1% in the first quarter. Clearbridge Investments LLC now owns 290,922 shares of the financial services provider’s stock valued at $37,360,000 after acquiring an additional 48,697 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Raymond James by 401.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,135 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 8,115 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Raymond James Price Performance

Shares of NYSE RJF 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 0.95 and a beta of 0.99. The business’s 50 day moving average is $139.90 and its 200-day moving average is $125.88. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Raymond James has a 1-year low of $102.42 and a 1-year high of $165.42.

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

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.