New Lifetime High Reached By Raymond James Financial (RJF)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Raymond James Financial as such a stock due to the following factors:
- RJF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $34.8 million.
- RJF has traded 13,929 shares today.
- RJF is trading at a new lifetime high.
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More details on RJF:
Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. The stock currently has a dividend yield of 1.2%. RJF has a PE ratio of 17.1. Currently there are 3 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Raymond James Financial has been 573,000 shares per day over the past 30 days. Raymond James Financial has a market cap of $8.3 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.28 and a short float of 1.8% with 3.81 days to cover. Shares are up 0.9% year-to-date as of the close of trading on Wednesday.
Analysis:
rates Raymond James Financial as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 12.8%. Since the same quarter one year prior, revenues slightly increased by 5.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- RAYMOND JAMES FINANCIAL CORP has improved earnings per share by 7.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, RAYMOND JAMES FINANCIAL CORP increased its bottom line by earning $3.32 versus $2.58 in the prior year. This year, the market expects an improvement in earnings ($3.60 versus $3.32).
- Net operating cash flow has significantly increased by 1351.01% to $239.65 million when compared to the same quarter last year. In addition, RAYMOND JAMES FINANCIAL CORP has also vastly surpassed the industry average cash flow growth rate of -6.01%.
- You can view the full Raymond James Financial Ratings Report.
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