Raymond James: Anticipating Slower Growth And More Active Cash Management (Rating Downgrade)

The Value Pendulum
Investing Group Leader
(7min)

Summary

  • My rating for Raymond James is lowered to a Hold; I have considered its unfavorable financial expectations and potential shareholder value enhancement initiatives.
  • RJF's Q2FY25 revenue and EPS are projected to grow by 9% and 7%, respectively, which will be inferior to what it achieved for the first quarter.
  • But the company could have opportunities to deploy capital in uncertain times; these include cheap business acquisitions or accretive share repurchases.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Raymond James Financial location. Raymond James is an investment bank and financial services company.

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My view of Raymond James (NYSE:RJF) or "RJ" is Neutral now.

I wrote about the company's business outlook and cash distributions in my earlier July 10, 2024 article.

This write-up revises RJ's rating from Buy to Hold. My expectations

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This article was written by

The Value Pendulum
12.77K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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