Analysts Back Raymond James, Jack Henry and Warn Off $939 Million Ridgepost Capital
Updated
Updated · Yahoo Finance · Aug 19
Analysts Back Raymond James, Jack Henry and Warn Off $939 Million Ridgepost Capital
1 articles · Updated · Yahoo Finance · Aug 19
Summary
Raymond James and Jack Henry were singled out as preferred financial stocks, while Ridgepost Capital was flagged as one to avoid in a new analyst stock screen.
12% sector gains over the past six months have lifted financial shares broadly, but analysts said only a subset looks durable as fintech challengers keep taking market share from incumbents.
Raymond James stood out for 10.8% annual revenue growth over two years, faster EPS growth aided by buybacks, and a market-beating return on equity; its shares trade at about 13 times forward earnings.
Ridgepost Capital, valued at $939.2 million, drew concern because 5.7% annual EPS growth lagged revenue gains and its 4.5% return on equity suggested weaker capital deployment despite a 7.9 times forward P/E.