Royal Bank Of Canada [NYSE: RY] traded at a low on Wednesday, posting a -2.58 loss after which it closed the day’ session at $97.27.
The results of the trading session contributed to over 3191381 shares changing hands. Over the past one week, the price volatility of Royal Bank Of Canada stands at 1.42% while the volatility over the past one month is 1.42%.
The market cap for RY stock reached $136.98 billion, with 1.41 billion shares outstanding and 1.41 billion shares in the current float. Compared to the average trading volume of 1.23M shares, RY reached a trading volume of 3191381 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Royal Bank Of Canada [RY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RY shares is $96.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RY stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Royal Bank Of Canada shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 05, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on March 20, 2024, representing the official price target for Royal Bank Of Canada stock.
The Average True Range (ATR) for Royal Bank Of Canada is set at 1.61, with the Price to Sales ratio for RY stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 1.69. Price to Free Cash Flow for RY in the course of the last twelve months was 13.99.
How has RY stock performed recently?
Royal Bank Of Canada [RY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.51. With this latest performance, RY shares dropped by -2.16% in over the last four-week period, additionally plugging by 19.63% over the last 6 months – not to mention a drop of -1.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RY stock in for the last two-week period is set at 42.57, with the RSI for the last a single of trading hit 40.15, and the three-weeks RSI is set at 44.76 for Royal Bank Of Canada [RY]. The present Moving Average for the last 50 days of trading for this stock 98.97, while it was recorded at 98.22 for the last single week of trading, and 93.73 for the last 200 days.
Royal Bank Of Canada [RY]: Deeper insight into the fundamentals
Royal Bank Of Canada’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.74.
Earnings analysis for Royal Bank Of Canada [RY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Royal Bank Of Canada go to 4.73%.
Insider trade positions for Royal Bank Of Canada [RY]
The top three institutional holders of RY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RY stock with ownership which is approximately 5.8386%.
