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Investing.com - Keefe, Bruyette & Woods raised its price target on Raymond James (NYSE:RJF) to $181.00 from $174.00 on Thursday, while maintaining a Market Perform rating on the financial services company’s stock.
The price target increase follows Raymond James’ fiscal fourth-quarter 2025 performance, which exceeded analyst expectations. The company reported GAAP earnings per share of $2.95, surpassing KBW’s estimate of $2.62 by $0.33.
On an adjusted basis, Raymond James delivered earnings per share of $3.11, exceeding KBW’s estimate of $2.69 by $0.42 and beating the consensus forecast of $2.77 by $0.34.
KBW attributed the earnings outperformance primarily to stronger results in Raymond James’ Capital Markets segment, which contributed approximately $0.16 to the earnings beat, along with a lower tax rate that added about $0.21.
The investment firm raised its forward earnings estimates for Raymond James based on higher cash balances and stronger Capital Markets performance assumptions, supporting the new $181 price target.
In other recent news, Raymond James Financial Inc . reported robust fourth-quarter earnings for fiscal year 2025, surpassing analyst expectations. The company posted an adjusted earnings per share of $3.11, outpacing the forecasted $2.82, and exceeded revenue predictions with $3.73 billion compared to the expected $3.64 billion. Following these results, BMO Capital adjusted its price target for Raymond James to $182, maintaining a Market Perform rating, after the company reported earnings per share of $3.12, which exceeded both BMO’s estimate and consensus expectations. Additionally, Citizens raised its price target for Raymond James to $190, citing a positive growth outlook and increased its fiscal year 2026 earnings per share estimate to $12.55, positioning it 7% above the current consensus. These developments reflect a positive response from analyst firms to Raymond James’ financial performance and future prospects.
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