These Numbers Show Favorable Signs for Royal Bank Of Canada (RY)

Royal Bank Of Canada (NYSE: RY) is -0.19% lower on its value in year-to-date trading and has touched a low of $101.96 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 $119.83 in the last trading session, with the day’s gains setting it 0.45%.

Currently trading at $120.28, the stock is 1.79% and 4.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 0.38% at the moment leaves the stock 1.03% off its SMA200. RY registered 19.07% gain for a year compared to 6-month loss of -2.33%.

The stock witnessed a 5.76% gain in the last 1 month and extending the period to 3 months gives it a 0.80%, and is -0.82% 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 0.91% over the week and 1.54% over the month.

Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $169.90B and $98.41B in sales. Current P/E ratio is 13.51 and Fwd P/E is 11.88. Profit margin for the company is 12.81%. Distance from 52-week low is 17.97% and -6.07% 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 9.79% this year.

Royal Bank Of Canada (RY) Top Institutional Holders

The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 1.35%.

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 5.2044% 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 5.2005 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 56.97 million shares representing 3.9266% 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.