Raymond James Financial (RJF) : 1 brokerage houses believe that Raymond James Financial (RJF) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Raymond James Financial (RJF). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Raymond James Financial (RJF) : Currently there are 2 street experts covering Raymond James Financial (RJF) stock. The most bullish and bearish price target for the stock is $66 and $59 respectively for the short term. The average price target of all the analysts comes to $62.5. The estimated standard deviation from the target is $4.95.
Also, Brokerage firm Nomura maintains its rating on Raymond James Financial (NYSE:RJF). As per the latest information, the brokerage house lowers the price target to $59 per share from a prior target of $62. The shares have been rated Neutral. The rating by the firm was issued on July 11, 2016.
Raymond James Financial (NYSE:RJF): After opening at $56.52, the stock dipped to an intraday low of $56.52 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.61 and the buying power remained strong till the end. The stock closed at $57.39 for the day, a gain of 1.67% for the day session. The total traded volume was 537,174. The stocks close on the previous trading day was $56.45.
Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.