Royal Bank Of Canada (NYSE: RY) is -9.71% 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 $111.28 in the last trading session, with the day’s loss setting it -2.47%.
Currently trading at $108.81, the stock is -6.45% and -8.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing -2.22% at the moment leaves the stock -7.34% off its SMA200. RY registered 8.78% gain for a year compared to 6-month loss of -11.01%. The firm has a 50-day simple moving average (SMA 50) of $118.7892 and a 200-day simple moving average (SMA200) of $117.42575.
The stock witnessed a -8.13% gain in the last 1 month and extending the period to 3 months gives it a -13.62%, and is -4.75% 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 1.94% over the week and 1.98% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $153.70B and $98.41B in sales. Current P/E ratio is 12.22 and Fwd P/E is 10.87. Profit margin for the company is 12.81%. Distance from 52-week low is 13.54% and -15.03% 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 8.59% this year
1189.0 institutions hold shares in Royal Bank Of Canada (RY), with institutional investors hold 51.01% 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 51.01% 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 2.4015 of the shares totaling 34.84 million with a market value of $3.71 billion.
