Intel stock spikes after report of possible US government stake
On Thursday, JMP Securities analyst Devin Ryan increased the price target for Raymond (NSE:RYMD) James (NYSE: RJF) shares to $190 from the previous target of $175, while retaining a Market Outperform rating on the stock. The adjustment follows Raymond James’ report of first-quarter fiscal year 2025 earnings, which exceeded both JMP Securities’ and consensus estimates. According to InvestingPro data, the stock is currently trading near its 52-week high of $174.32, with 10 analysts recently revising their earnings estimates upward. The company’s Fair Value analysis suggests it remains slightly undervalued despite the recent price appreciation.
Raymond James announced their F1Q25 Operating EPS at $2.93, surpassing JMP Securities’ projection of $2.86 and the consensus estimate of $2.71. The company’s revenues reached $3.54 billion, marking a 1% improvement over JMP Securities’ forecast and a 17% year-over-year increase. This figure also slightly exceeded the consensus revenue estimate. InvestingPro analysis reveals the company maintains strong financial health with an overall score of 3.21 (rated as "GREAT"), supported by impressive metrics including a P/E ratio of 13.73 and sustained revenue growth of 11.18% over the last twelve months.
A significant contributor to the revenue beat was the Investment Banking segment, which generated $325 million, outperforming JMP Securities’ model by $52 million, or 19%, and showing an impressive 80% growth from the previous year. The firm also saw robust performance in Net Interest Income and Account & Service fees, which were $17 million and $13 million higher than expected, respectively.
However, the company’s adjusted compensation ratio was slightly higher at 64%, compared to the anticipated 63.5%. On the other hand, adjusted non-compensation expenses were reported at $10.4 million, or 2%, lower than what JMP Securities had estimated. These financial results underscore Raymond James’ strong performance for the quarter, leading to the raised price target by JMP Securities.
In other recent news, Raymond James Financial Inc (NYSE:RJF). has seen significant developments. The company reported record fourth-quarter revenues of $3.46 billion, primarily driven by a surge in advisory revenue. This was accompanied by an 11.1% increase in its quarterly dividend and the authorization of a new share repurchase program. Analyst firms Goldman Sachs, JPMorgan, TD Cowen, BofA Securities, and Citi have all made adjustments to their outlooks on Raymond James. Goldman Sachs upgraded the company’s stock from Neutral to Buy, setting a new price target of $185.00, based on anticipated gains to Raymond James’ fiscal year 2025-2027 earnings per share (EPS) estimates. JPMorgan, however, downgraded the stock rating from Overweight to Neutral, but increased the price target from $151.00 to $166.00.
On another note, Vancouver-based SilverCrest Metals Inc (TSX:SIL). has announced a special meeting of shareholders. According to InvestingPro data, SilverCrest currently maintains a "GREAT" financial health score. The company’s VP of Financial Reporting, Sean Deissner, signed the SEC filing, affirming the company’s commitment to regulatory compliance and transparent shareholder communication. The documents are essential for shareholders to participate in the decision-making process and represent their interests in the company’s operations and future direction. The company is scheduled to report its next earnings on January 29, 2025, which may provide additional context to matters discussed at the special meeting. These are the recent developments for both Raymond James Financial Inc. and SilverCrest Metals Inc.
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