Royal Bank Of Canada (NYSE: RY) is -1.35% lower on its value in year-to-date trading and has touched a low of $95.84 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 $119.66 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $118.88, the stock is -1.11% and -1.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing -0.65% at the moment leaves the stock 1.88% off its SMA200. RY registered 21.28% gain for a year compared to 6-month gain of 5.60%.
The stock witnessed a -1.77% loss in the last 1 month and extending the period to 3 months gives it a -2.90%, and is -0.36% 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 1.33% over the week and 1.39% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $168.22B and $97.86B in sales. Current P/E ratio is 14.39 and Fwd P/E is 11.90. Profit margin for the company is 11.94%. Distance from 52-week low is 24.04% and -7.16% from its 52-week high. The company has generated returns on investments over the last 12 months (7.93%).
with sales reaching $15.52B over the same period.The EPS is expected to grow by 6.60% this year, but quarterly earnings will post 8.23% year-over-year. Quarterly sales are estimated to grow 15.10% in year-over-year returns.
Royal Bank Of Canada (RY) Top Institutional Holders
The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 0.87%.
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 2.4015 of the shares totaling 34.84 million with a market value of $3.71 billion.
Royal Bank Of Canada (RY) Insider Activity
#####
