Credit Suisse Keeps a Hold Rating on Raymond James Financial

By Jason Carr

In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Hold rating on Raymond James Financial (NYSE: RJF), with a price target of $99. The company’s shares closed yesterday at $85.81.

According to, Siegenthaler is a 4-star analyst with an average return of 7.7% and a 63.2% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Affiliated Managers, and OM Asset Management.

Currently, the analyst consensus on Raymond James Financial is Moderate Buy and the average price target is $100.33, representing a 16.9% upside.

In a report issued on April 10, Bernstein also initiated coverage with a Hold rating on the stock with a $95 price target.

Based on Raymond James Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.77 billion and quarterly net profit of $119 million. In comparison, last year the company earned revenue of $1.6 billion and had a net profit of $112 million.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2018, John C. Carson, the President of RJF bought 1,802 shares for a total of $99,993.

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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.