Royal Bank Of Canada (NYSE: RY) is -3.54% 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 $115.62 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $116.24, the stock is 2.26% and 0.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.54% at the moment leaves the stock -1.82% off its SMA200. RY registered 20.58% gain for a year compared to 6-month loss of -6.57%. The firm has a 50-day simple moving average (SMA 50) of $115.1588 and a 200-day simple moving average (SMA200) of $118.39305.
The stock witnessed a 1.77% gain in the last 1 month and extending the period to 3 months gives it a -3.20%, and is 5.72% 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 1.84% over the week and 2.64% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $164.19B and $98.41B in sales. Current P/E ratio is 13.06 and Fwd P/E is 11.53. Profit margin for the company is 12.81%. Distance from 52-week low is 21.29% and -9.22% 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 9.40% this year.
Royal Bank Of Canada (RY) Top Institutional Holders
1175.0 institutions hold shares in Royal Bank Of Canada (RY), with institutional investors hold 50.60% of the company’s shares. The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 0.59%. Institutions hold 50.59% 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.
Royal Bank Of Canada (RY) Insider Activity
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