Raymond James Financial Inc. (NYSE: RJF) has reported earnings for its second fiscal quarter (ending March 31) of $2.27 versus $1.97 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $8.47 versus $7.77 for the same period a year ago.
Recent Price Action
Raymond James Financial Inc. (NYSE: RJF) stock closed at $127.54 on 4/24/24 after a modest gain of 0.3%. Moreover, above average trading volume at 134% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 4.7% during the last week.
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 a major Value Builder.
Raymond James Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Raymond James Financial has a slightly positive Appreciation Score of 63 and a good Power Rating of 83, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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