Raymond James Financial (RJF) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $59. The average forecast of all the analysts is $62.5 and the expected standard deviation is $4.95.
Raymond James Financial (RJF) : The consensus on Raymond James Financial (RJF) based on 4 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, In a research note released to the investors, Nomura maintains its rating on Raymond James Financial (NYSE:RJF).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Nomura lowers the new price target from $62 per share to $59 per share. The rating by the firm was issued on July 11, 2016.
Raymond James Financial (NYSE:RJF): The stock opened at $58.29 on Thursday but the bulls could not build on the opening and the stock topped out at $58.44 for the day. The stock traded down to $56.96 during the day, due to lack of any buying support eventually closed down at $57.66 with a loss of -0.88% for the day. The stock had closed at $58.17 on the previous day. The total traded volume was 516,030 shares.
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.