Equity Research

Broad scope, deep coverage.

A top provider of equity research in North America and globally in terms of coverage, Raymond James employs approximately 70 research analysts who cover nearly 1,200 companies in nine highly focused industries. These teams seek attractive niches within broader industries and then cover those sectors deeply to develop differentiated expertise and relationships. This approach has resulted in the construction of coverage universes that often include an industry’s complete supply chain: key suppliers, manufacturers and distributors.

Industry Coverage

Consumer

Our Consumer equity research team covers approximately 100 companies. Our U.S. coverage includes the building products (including appliances and other building products, floor covering, and tools and outdoor power equipment), furniture & furnishings suppliers (including office furniture and residential furniture), hardline retail (including active lifestyle brands, automotive aftermarket retailers, consumer electronics retailers, convenience stores, sporting goods, and value retailers), home and other retailers (including big box retailers and furniture & furnishings), household & personal care products, leisure products, and restaurants sectors. We also cover consumer and retail companies based in Canada.

Energy

Our Energy team is one of the largest in Raymond James’ equity research offering, with more than 200 companies under coverage. Our U.S. team covers the sectors of renewable energy & clean technology, exploration & production, independent refiners, integrated oil & gas, midstream suppliers, and oilfield services. Our Canadian affiliate, Raymond James Ltd., broadens our coverage of the critical energy industry with coverage of the power & energy infrastructure, oil & gas producers, oil & gas energy services, and oil sands sectors.

Overall, our coverage includes companies throughout the production and distribution chain of both fossil fuels and emerging alternative energy resources and includes small cap specialty providers of oilfield supplies and services and some of the largest companies in North America, the integrated majors and refiners of oil & gas, and most of the industry niches in between.

Financial Services

The Financial Services equity research team maintains coverage on more than 220 companies spanning the four key sectors of banking, capital markets, insurance, and specialty finance. The majority of the companies under coverage are in the banking sector; our coverage of this sector is among the broadest in the U.S. and includes large-cap multinational financial institutions and small-cap community banks located throughout the U.S, plus a broad array of national and larger regional banks. 

Healthcare

Our coverage of the Healthcare industry encompasses approximately 160 companies. Our North American team covers 10 different sectors, including alternate site healthcare providers, benefits management (including health benefits management and pharmacy benefits management), biotechnology, diagnostics, drug distributors, drug stores, hospital supplies & equipment, hospitals, medical devices, pharma services, and specialty pharmaceuticals. Breadth of coverage is the distinguishing factor of our healthcare research effort. By collectively developing detailed expertise for most facets of the industry, our team is positioned to be better able to identify and quantify for our clients what they believe are the best investments in this dynamic industry.

Industrial

The Industrial equity research team maintains coverage on more than 50 companies based throughout North America in the five sectors of aerospace & defence, chemicals, infrastructure & construction, specialty/industrial distribution, and waste & industrial services. Infrastructure & construction includes coverage of the construction, engineering, and equipment distributors segments in Canada.  Specialty/industrial distribution includes distributors of various construction and industrial supplies in the U.S., and waste & industrial services includes waste collection and industrial services providers throughout North America.

Mining & Natural Resources

The Mining & Natural Resources team covers approximately 60 companies based throughout Canada. The Canada-based mining team boasts a broad coverage universe encompassing the segments of base metals & minerals, precious metals (both gold and silver), and uranium.

Our coverage of the Natural Resources portion of this industry includes the forest products (including building materials and pulp and paper) and fertilizers sectors in Canada.

Real Estate

Our Real Estate research team covers nearly 130 companies, including REITs focused on the healthcare, hotels, mortgage, office/industrial, residential, retail/net lease, self-storage, shopping center, and timber sectors, and select housing and lodging companies. In addition to the usual periodic company-specific research, our real estate team offers clients access to a variety of comprehensive quarterly and annual industry overviews that detail both recent significant events and the prospects for the industry, plus the companies within it.

Technology & Communications

Technology & Communications coverage encompasses more than 210 companies operating in 13 sectors spanning the entire IT supply chain. The hallmark of Raymond James’ technology & communications research is an expansive look at the channels and markets for technology products and providers in addition to broad-ranging company-specific research, a necessary approach in this dynamic industry.  Our coverage universe includes smaller, leading edge companies and the most widely known companies in this vital industry.

The bulk of our coverage focuses on companies based in North America, though many operate worldwide.  Our analysts cover the sectors of advanced industrial technology, application software, connected devices, data infrastructure, financial technology & payments,  infrastructure software, Internet,  IT supply chain, IT services, satellite & space, semiconductors, software/IT services, and telecommunications services.

Transportation

Our coverage of the Transportation industry includes approximately 40 companies. Our coverage universe includes the sectors of airlines and a wide array of segments within the broader transportation services sector.  We cover airlines based in the U.S., Canada, Europe, and Latin America; our coverage includes the hybrid carriers, legacy carriers, low cost carriers, and regional carriers operating throughout these four regions.  On the transportation services side, we cover companies operating in the railroads, trucking, and intermodal and asset-light logistics segments throughout North America, in addition to the major parcel carriers based in the U.S. (but operating worldwide).

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