Royal Bank Of Canada (NYSE: RY) is -1.22% lower on its value in year-to-date trading and has touched a low of $95.19 and a high of $128.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RY stock was last observed hovering at around $119.31 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $119.04, the stock is -1.21% and -2.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -0.23% at the moment leaves the stock 2.39% off its SMA200. RY registered 25.70% gain for a year compared to 6-month gain of 7.86%. The firm has a 50-day simple moving average (SMA 50) of $121.491 and a 200-day simple moving average (SMA200) of $116.2611.
The stock witnessed a -0.62% loss in the last 1 month and extending the period to 3 months gives it a -3.91%, and is -0.23% down 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 1.22% over the week and 1.35% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $168.44B and $97.86B in sales. Current P/E ratio is 14.41 and Fwd P/E is 11.91. Profit margin for the company is 11.94%. Distance from 52-week low is 25.06% and -7.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.93%).
with sales reaching $15.43B over the same period.The EPS is expected to grow by 6.05% this year, but quarterly earnings will post 8.21% year-over-year. Quarterly sales are estimated to grow 14.39% in year-over-year returns.
Royal Bank Of Canada (RY) Top Institutional Holders
1179.0 institutions hold shares in Royal Bank Of Canada (RY), with institutional investors hold 51.40% of the company’s shares. The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 0.87%. Institutions hold 51.38% 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.
Royal Bank Of Canada (RY) Insider Activity
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