Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Raymond James Financial Inc. (NYSE: RJF) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Raymond James Financial Inc. (NYSE: RJF) stock declined slightly by -0.5% on 9/10/24. The stock closed at $116.31. However, trading volume in this decline was unusually low at 63% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
RJF is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Raymond James Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Raymond James Financial has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 69, triggering the High Neutral Value Trend Rating.
Be the first to comment