The stocks of RJF were the recipient of quite a huge increase in short interest for the month of June. According to a report, the short interest till the 15th of June totals 2,400,000 shares- which is a growth of 60% from its previous total of 1.5 million shares on the 31st of May. The average daily volume equals 628,800 shares which are based on the short-interest ratio over 3.8 days. As of now, around 2% of the company shares have been short sold.
The Stock Commentary Of RJF
There have been quite a few research equities that have commented on the stocks of RJF. Zacks Investment Research has reduced the rating of the company from buy to hold with a price target of $140 in a Wednesday research report. JMP Securities has also increased the price target of the company from $140 to $146 with a rating of outperform in a 28th May research report.
Morgan Stanley has also increased the price target from $141 to $150 with a rating of overweight in a 30th April research report. In the end, Credit Suisse Group increased the price target of the company from $133 to $135 with a rating of neutral in a 24th May research report.
Three of the investment analysts have already issued a rating of hold for the company, while nine others have issued the company a rating of buy. Currently, RJF has a buy rating with a $126 price target.
The stocks of RJF traded on Friday at $131.82. The moving average price of the company is $131.50. The debt-to-equity ratio of the company is 0.42, with the quick ratio set at 0.96, and a 0.97 current ratio. The year low of the company is $64.98, with the year high set at $138.56. The market cap of the firm has been $18.11 billion, with a PE ratio of 17.65, and a 1.26 beta.
RJF previously posted the quarterly report on the 28th of April. The EPS reported for the company is $2.51, with the consensus estimate of $2.09. The net margin of the company is 12.09%, with a 14.90% return on equity. The revenue generated by the company was $2.37 billion, with the consensus estimate coming to $2.26 billion.