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Investing.com - Citizens has raised its price target on Raymond James (NYSE:RJF) to $190.00 from $185.00 while maintaining a Market Outperform rating. According to InvestingPro data, eight analysts have recently revised their earnings estimates upward for the upcoming period, reinforcing the positive outlook.
The firm increased its fiscal year 2026 earnings per share estimate to $12.55 from $12.45, positioning its forecast 7% above the current consensus estimate.
Citizens highlighted Raymond James’ ability to deliver "relatively steady growth across a number of different macroeconomic environments" and noted the company’s "record quarter" performance.
The research firm emphasized Raymond James’ "operating conservatism, risk management focus, and excess capital strength" as factors that differentiate the company and enable it to "play both offense and defense" if business conditions deteriorate.
Citizens views Raymond James’ valuation as attractive, noting the stock trades at 12.7 times estimated calendar year 2026 earnings, compared to Morgan Stanley’s 15.2 times multiple.
In other recent news, Raymond James Financial Inc. reported impressive fourth-quarter earnings for fiscal year 2025, exceeding analyst expectations. The company achieved an adjusted earnings per share (EPS) of $3.11, surpassing the forecasted $2.82. Additionally, Raymond James reported revenues of $3.73 billion, outpacing the anticipated $3.64 billion. These results highlight the company’s strong financial performance in the recent quarter. The earnings announcement was followed by a modest increase in the company’s stock during regular trading hours. Raymond James’ positive earnings report reflects its robust business operations and financial strategy. Investors and analysts closely monitor such earnings reports to gauge the company’s financial health and future prospects.
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