In the latest quarter, 11 analysts provided ratings for Raymond James Finl RJF, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 2 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Raymond James Finl, revealing an average target of $145.18, a high estimate of $169.00, and a low estimate of $125.00. Witnessing a positive shift, the current average has risen by 7.78% from the previous average price target of $134.70.
Investigating Analyst Ratings: An Elaborate Study
The standing of Raymond James Finl among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Brown | Wells Fargo | Raises | Equal-Weight | $169.00 | $152.00 |
| Bill Katz | TD Cowen | Raises | Hold | $150.00 | $128.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $145.00 | $132.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $150.00 | $146.00 |
| Mark McLaughlin | B of A Securities | Raises | Buy | $152.00 | $136.00 |
| Michael Brown | Wells Fargo | Raises | Overweight | $152.00 | $140.00 |
| Alexander Blostein | Goldman Sachs | Raises | Neutral | $142.00 | $125.00 |
| Michael Brown | Wells Fargo | Raises | Overweight | $140.00 | $138.00 |
| Devin Ryan | JMP Securities | Announces | Market Outperform | $146.00 | - |
| Gerald O'Hara | Jefferies | Raises | Hold | $126.00 | $123.00 |
| Alexander Blostein | Goldman Sachs | Lowers | Neutral | $125.00 | $127.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Raymond James Finl. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Raymond James Finl compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Raymond James Finl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Raymond James Finl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Raymond James Finl analyst ratings.
About Raymond James Finl
Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the US and 70% is from the company's wealth-management segment.
Breaking Down Raymond James Finl's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Raymond James Finl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.28% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Raymond James Finl's net margin is impressive, surpassing industry averages. With a net margin of 17.59%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Raymond James Finl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.28% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Raymond James Finl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.73%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Raymond James Finl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.27.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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