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Here's Why Raymond James Financial, Inc. (RJF) is a Strong Growth Stock

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Raymond James Financial, Inc. (RJF)

Established in 1962, Raymond James Financial Inc. is a diversified company based in St. Petersburg, FL. The company along with its subsidiaries – Raymond James & Associates Inc. (RJ&A), Raymond James Financial Services Inc. (RJFS), Raymond James Financial Services Advisors Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management Inc. (Eagle) and Raymond James Bank N.A. (RJ Bank) – provides financial services mainly in the United States and Canada.

RJF boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 5.4% year-over-year for 2022, while Wall Street anticipates its top line to improve by 11.6%.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.21 to $7.43 per share. RJF also boasts an average earnings surprise of 8.1%.

Raymond James Financial, Inc. is also cash rich. The company has generated cash flow growth of 22.1%, and is expected to report cash flow expansion of 58.7% in 2022.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, RJF should be on investors' short lists.


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Zacks Investment Research