Raymond James Financial Stock Hits New 52-Week High (RJF)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Raymond James Financial (NYSE: RJF) hit a new 52-week high Wednesday as it is currently trading at $48.03, above its previous 52-week high of $47.83 with 459,940 shares traded as of 2:55 p.m. ET. Average volume has been 663,500 shares over the past 30 days.

Raymond James Financial has a market cap of $6.61 billion and is part of the financial sector and financial services industry. Shares are up 23% year to date as of the close of trading on Tuesday.

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Raymond James Financial Ratings Report.

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