Royal Bank Of Canada (NYSE: RY) is 3.54% higher on its value in year-to-date trading and has touched a low of $102.44 and a high of $128.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RY stock was last observed hovering at around $122.53 in the last trading session, with the day’s gains setting it 2.25%.
Currently trading at $124.78, the stock is 4.26% and 7.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 1.84% at the moment leaves the stock 4.59% off its SMA200. RY registered 19.28% gain for a year compared to 6-month loss of 0.60%.
The stock witnessed a 8.31% gain in the last 1 month and extending the period to 3 months gives it a 4.58%, and is 4.13% 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 1.08% over the week and 1.26% over the month.
Royal Bank Of Canada (RY) has around 94838 employees, a market worth around $176.26B and $98.41B in sales. Current P/E ratio is 14.02 and Fwd P/E is 12.30. Profit margin for the company is 12.81%. Distance from 52-week low is 21.81% and -2.55% 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 9.68% this year
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.
