As of close of business last night, Raymond James Financial Inc.’s stock clocked out at 106.98, down -1.31% from its previous closing price of $108.40. In other words, the price has decreased by $-1.42 from its previous closing price. On the day, 1000319 shares were traded. RJF reached its highest trading level at $110.32 during the session, while it also had its lowest trading level at $106.93.
To gain a deeper understanding of RJF’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.66. In the meantime, Its Debt-to-Equity ratio is 5.72 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
On July 21, 2021, Jefferies started tracking the stock assigning a Buy rating and target price of $150.Jefferies initiated its Buy rating on July 21, 2021, with a $150 target price.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 08 when Bunn James E sold 4,000 shares for $106.75 per share. The transaction valued at 427,004 led to the insider holds 21,096 shares of the business.
Bunn James E sold 6,000 shares of RJF for $601,287 on May 03. The Pres-GlobEq&Inv Banking-RJA now owns 25,096 shares after completing the transaction at $100.21 per share. On Feb 10, another insider, Allaire Bella Loykhter, who serves as the Executive Vice President-RJA of the company, sold 15,000 shares for $114.78 each. As a result, the insider received 1,721,700 and left with 70,357 shares of the company.
As of this moment, Raymond’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.23, and their Forward P/E ratio for the next fiscal year is 11.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 2.40.
Stock Price History:
Over the past 52 weeks, RJF has reached a high of $117.37, while it has fallen to a 52-week low of $84.86. The 50-Day Moving Average of the stock is 102.54, while the 200-Day Moving Average is calculated to be 101.41.
It appears that RJF traded 940.85K shares on average per day over the past three months and 967.98k shares per day over the past ten days. A total of 210.70M shares are outstanding, with a floating share count of 194.23M. Insiders hold about 0.10% of the company’s shares, while institutions hold 76.80% stake in the company. Shares short for RJF as of Jul 14, 2022 were 2.53M with a Short Ratio of 2.90, compared to 1.74M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.17% and a Short% of Float of 1.65%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.52, RJF has a forward annual dividend rate of 1.36. Against a Trailing Annual Dividend Yield of 1.40%, it implies a Forward Annual Dividend Yield of 1.38%. The stock’s 5-year Average Dividend Yield is 1.38. The current Payout Ratio is 16.60% for RJF, which recently paid a dividend on Oct 16, 2022 with an ex-dividend date of Jun 29, 2022. Stock splits for the company last occurred on Sep 21, 2021 when the company split stock in a 3:2 ratio.
As of right now, 7 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.98 for the current quarter, with a high estimate of $2.07 and a low estimate of $1.88, while EPS last year was $2.06. The consensus estimate for the next quarter is $2.3, with high estimates of $2.54 and low estimates of $2.1.
Analysts are recommending an EPS of between $8.08 and $7.03 for the fiscal current year, implying an average EPS of $7.36. EPS for the following year is $9.15, with 9 analysts recommending between $10.8 and $7.32.
In the current quarter, 6 analysts expect revenue to total $2.78B. It ranges from a high estimate of $2.86B to a low estimate of $2.66B. As of the current estimate, Raymond James Financial Inc.’s year-ago sales were $2.69B, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $2.94B, an increase of 11.30% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $3.06B for the next quarter, whereas the lowest estimate is $2.78B.
A total of 8 analysts have provided revenue estimates for RJF’s current fiscal year. The highest revenue estimate was $11B, while the lowest revenue estimate was $10.58B, resulting in an average revenue estimate of $10.84B. In the same quarter a year ago, actual revenue was $9.76B, up 11.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $12.01B in the next fiscal year. The high estimate is $12.58B and the low estimate is $11.38B. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.