Royal Bank Of Canada (NYSE: RY) is 23.16% higher on its value in year-to-date trading and has touched a low of $83.57 and a high of $126.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RY stock was last observed hovering at around $122.72 in the last trading session, with the day’s gains setting it 1.83%.
Currently trading at $124.55, the stock is 0.53% and 1.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.49% at the moment leaves the stock 14.74% off its SMA200. RY registered 48.06% gain for a year compared to 6-month gain of 20.82%. The firm has a 50-day simple moving average (SMA 50) of $122.9814 and a 200-day simple moving average (SMA200) of $108.418.
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The stock witnessed a 1.86% loss in the last 1 month and extending the period to 3 months gives it a 14.13%, and is 3.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.29% over the week and 1.34% over the month.
Royal Bank Of Canada (RY) has around 91398 employees, a market worth around $245.23B and $96.07B in sales. Current P/E ratio is 15.07 and Fwd P/E is 13.31. Profit margin for the company is 12.13%. Distance from 52-week low is 49.04% and -1.89% from its 52-week high. The company has generated returns on investments over the last 12 months (8.37%).
The EPS is expected to grow by 5.27% this year
1094.0 institutions hold shares in Royal Bank Of Canada (RY), with institutional investors hold 52.56% of the company’s shares. The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 1.18%. Institutions hold 52.56% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 75.51 million shares valued at $8.03 billion. The investor’s holdings represent 5.345 of the RY Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 75.45 million shares valued at $8.16 billion to account for 5.3409 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 56.97 million shares representing 4.0326 and valued at over $6.06 billion, while CIBC WORLD MARKET INC. holds 2.4663 of the shares totaling 34.84 million with a market value of $3.71 billion.
