Positive Press Coverage Very Likely to Affect Raymond James (RJF) Share Price

News coverage about Raymond James (NYSE:RJF) has been trending positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Raymond James earned a daily sentiment score of 2.12 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Raymond James’ score:

Shares of NYSE RJF opened at $79.73 on Friday. Raymond James has a 1-year low of $71.93 and a 1-year high of $102.17. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $11.42 billion, a PE ratio of 12.32, a P/E/G ratio of 0.63 and a beta of 1.74.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.13). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Raymond James had a return on equity of 15.72% and a net margin of 11.46%. On average, research analysts anticipate that Raymond James will post 7.48 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Raymond James from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, October 4th. Wolfe Research assumed coverage on Raymond James in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. ValuEngine downgraded Raymond James from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Goldman Sachs Group assumed coverage on Raymond James in a research report on Tuesday, November 27th. They issued a “neutral” rating and a $85.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Raymond James currently has a consensus rating of “Hold” and an average target price of $100.63.

In other Raymond James news, insider Tashtego S. Elwyn purchased 1,500 shares of Raymond James stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $73.75 per share, with a total value of $110,625.00. Following the completion of the acquisition, the insider now owns 12,055 shares of the company’s stock, valued at approximately $889,056.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John C. Jr. Carson sold 5,698 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $92.66, for a total value of $527,976.68. The disclosure for this sale can be found here. Corporate insiders own 10.46% of the company’s stock.

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Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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Insider Buying and Selling by Quarter for Raymond James (NYSE:RJF)

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