Royal Bank Of Canada (NYSE: RY) is -4.46% 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 $112.59 in the last trading session, with the day’s gains setting it 2.54%.
Currently trading at $115.13, the stock is -2.69% and -3.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing 2.26% at the moment leaves the stock -1.80% off its SMA200. RY registered 18.29% gain for a year compared to 6-month loss of -4.68%.
The stock witnessed a -3.10% gain in the last 1 month and extending the period to 3 months gives it a -8.39%, and is -3.64% 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 3.33% over the week and 1.82% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $162.62B and $98.41B in sales. Current P/E ratio is 12.93 and Fwd P/E is 11.53. Profit margin for the company is 12.81%. Distance from 52-week low is 20.13% and -10.09% from its 52-week high. The company has generated returns on investments over the last 12 months (9.40%).
The EPS is expected to grow by 8.11% this year
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
A total of 0 insider transactions have happened at Royal Bank Of Canada (RY) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Royal Bank Of Canada (RY): Who are the competitors?
One of the company’s main competitors (and peers) include Bank of America Corp. (BAC) that is trading 19.40% up over the past 12 months.Toronto-Dominion Bank (TD) lies in the list of competitors of the Royal Bank Of Canada and is -1.92% lower over the same period from RYNano Labs Ltd. Cl A (NA) is -69.73% down on the 1-year trading charts.
