KBW Keeps a Hold Rating on Raymond James Financial

By Jason Carr

In a report released today, Ann Dai from KBW reiterated a Hold rating on Raymond James Financial (NYSE: RJF), with a price target of $85. The company’s shares opened today at $77.49, close to its 52-week high of $81.92.

According to TipRanks.com, Dai is a 3-star analyst with an average return of 9.0% and a 75.0% success rate. Dai covers the Financial sector, focusing on stocks such as Evercore Partners Inc, Brookfield Asset Mng, and Colony NorthStar Inc.

Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $89.50.

Based on Raymond James Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.6 billion and quarterly net profit of $112 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $126 million.

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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.