In a report released today, Christopher Harris from Wells Fargo maintained a Buy rating on Raymond James Financial (RJF). The company’s shares closed yesterday at $71.54, close to its 52-week low of $69.12.
According to TipRanks.com, Harris is a 4-star analyst with an average return of 5.4% and a 54.8% success rate. Harris covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Stifel Financial Corp, and Interactive Brokers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Raymond James Financial with a $95.50 average price target.
See today’s analyst top recommended stocks >>
Raymond James Financial’s market cap is currently $10.42B and has a P/E ratio of 12.46. The company has a Price to Book ratio of 1.64.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RJF in relation to earlier this year. Most recently, in October 2018, Jeffrey Julien, the CFO, Executive VP – Fin of RJF bought 17,390 shares for a total of $892,873.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Raymond James Financial, Inc. is a holding company, which engages in the provision of financial and investment services. It operates through the following segments: Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other. The Private Client Group segment deals with financial planning and securities transaction services.
