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Why Raymond James Financial, Inc. (RJF) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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 Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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 is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 11.7X for the current fiscal year compared to the Financial - Investment Bank industry's P/E of 19.1X. Additionally, RJF has a PEG Ratio of 0.7 and a Price/Cash Flow ratio of 12.2X. Value investors should also note RJF's Price/Sales ratio of 1.6X.

Many value investors pay close attention to a company's earnings as well. For RJF, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $9.57 per share for 2024. Per share RJF boasts an average earnings surprise of 0.8%.

Investors should take the time to consider RJF for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research