Raymond James Financial Inc. (NYSE: RJF) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in fundamentals have recently occurred for Raymond James Financial Inc. (NYSE: RJF): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RJF is expected to continue to be an important Value Builder.
Raymond James Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Raymond James Financial has a slightly positive Appreciation Score of 69 and a good Power Rating of 77, resulting in the Positive Value Trend Rating.
Recent Price Action
Raymond James Financial Inc. (NYSE: RJF) stock closed at $106.91 on 12/4/23 after a slight decline of -0.9%. Moreover, trading volume in this decline was above average at 149% of normal. The stock has risen 1.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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