Patience is Always Fruitful: Raymond James Financial Inc. (RJF)

Raymond James Financial Inc.’s stock (NYSE:RJF) has been rated as Equal-Weight by Morgan Stanley. This latest rating was contained in a recent research note published by the firm on November 20, 2019 and has set a $91 price target for the stock. Some experts on Wall Street have also posted a report on Raymond James Financial Inc. (RJF) stock.

Argus rated the stock as a Buy in a research noted published on March 06, 2019. Goldman rated the stock as a Neutral in a research note published on November 27, 2018.

As it stands, a total of 11 analysts are covering RJF stock, with 6 of them rating it as a Buy while 0 of them rating it as Overweight. 5 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Raymond James Financial Inc. (RJF) stock has an average rating of Overweight.

Raymond James Financial Inc. (RJF) which is currently valued at 12.98 billion, with the company publishing its last earnings report on 10/23/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 2.01 billion, which was lower than the forecast of 2.03 billion made by some analysts. For that same quarter, Raymond James Financial Inc. (RJF) posted $1.79 earnings per share (EPS) which was above the analyst consensus estimate of $1.73 by $0.06, which represents an increase by 3.50%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, RJF price has surged by 2.21%. A look at its price performance over the past three months sees the stock go up by 13.01%, while it has gain 11.82% over the past six months and 20.66% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Raymond James Financial Inc. (RJF) has seen its stock trading -1.01% below its three-month high price. A look at the other side also sees stock trading +14.58% above its three-month low. A wider look sees RJF trading -1.01% below its 52-week high and 28.28% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. Raymond James Financial Inc. (RJF) has so far given an ROE of 16.10%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Raymond James Financial Inc. (RJF)’s ROA at the moment stands at 2.70%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

Raymond James Financial Inc. (RJF) has a return on investment (ROI) of 3.30%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Raymond James Financial Inc. (RJF)’s trading volatility. Its 7-day volatility is around 1.06%, while it has a monthly volatility of 1.14%. RJF has an ATR (Average True Range) of 1.19 and a beta factor of 1.50. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of RJF moved down by -$0.38 during the normal trading session on Wednesday to trade at $93.57. The Raymond James Financial Inc. (RJF) stock has a trading volume of 1.05 million shares, which is high, compared to its average daily volume of 713.64K shares.