Raymond James Financial Inc. (NYSE:RJF) shares fell to a low of $131.58 before closing at $132.20. Intraday shares traded counted 0.68 million, which was 2.75% higher than its 30-day average trading volume of 699.71K. RJF’s previous close was $133.07 while the outstanding shares total 137.80M. The firm has a beta of 1.26, a 12-month trailing P/E ratio of 17.67, and a growth ratio of 0.94. The stock’s Relative Strength Index (RSI) is 51.28, with weekly volatility at 2.31% and ATR at 2.99. The RJF stock’s 52-week price range has touched low of $64.98 and a $138.56 high. The stock traded lower over the last trading session, losing -0.65% on 06/02/21.
Investors have identified the Capital Markets company Raymond James Financial Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $18.06 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Raymond James Financial Inc. (RJF) Fundamentals that are to be considered.
RJF were able to record 654.0 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by 641.0 million. In cash movements, the company had a total of 716.0 million as operating cash flow.
Potential earnings growth for Raymond James Financial Inc. (RJF)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Raymond James Financial Inc. recorded a total of 2.37 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.82% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 6.32%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.96 billion trying to sell their products during the last quarter, with the result yielding a gross income of 415.0 million. This allows shareholders to hold on to 137.80M with the recently reported earning now reading 2.58 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (2.51 cents a share).
Having a look at the company’s valuation, the company is expected to record 9.27 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RJF sounds very interesting.
Is the stock of RJF attractive?
In related news, EVP, Gen Counsel, Secy, Santelli Jonathan N sold 2,272 shares of the company’s stock in a transaction that recorded on May 26. The sale was performed at an average price of 133.03, for a total value of 302,236. As the sale deal closes, the President, ICD for RJFS, Perry Jodi now sold 1,850 shares of the company’s stock, valued at 245,939. Also, President & CEO RJBank, Raney Steven M sold 2,000 shares of the company’s stock in a deal that was recorded on May 10. The shares were price at an average price of 135.80 per share, with a total market value of 271,598. Following this completion of acquisition, the Executive Vice President-RJA, Allaire Bella Loykhter now holds 9,330 shares of the company’s stock, valued at 1,153,095. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
8 out of 13 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Raymond James Financial Inc.. 0 analysts has assigned a Sell rating on the RJF stock. The 12-month mean consensus price target for the company’s shares has been set at $149.00.