Royal Bank Of Canada [RY] stock is trading at $96.90, up 0.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RY shares have lost -3.45% over the last week, with a monthly amount drifted -1.93%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Royal Bank Of Canada [NYSE: RY] stock has seen the most recent analyst activity on April 05, 2024, when BMO Capital Markets upgraded its rating to a Outperform. On February 22, 2024, Jefferies initiated with a Hold rating. BofA Securities upgraded its rating to a Buy. CIBC downgraded its rating to Neutral for this stock on May 16, 2023, but kept the price target unchanged to $4. In a note dated May 09, 2023, Barclays downgraded an Underweight rating on this stock.
Royal Bank Of Canada [RY] stock has fluctuated between $77.90 and $103.88 over the past year. Currently, Wall Street analysts expect the stock to reach $109.06 within the next 12 months. Royal Bank Of Canada [NYSE: RY] shares were valued at $96.90 at the most recent close of the market. An investor can expect a potential return of 12.55% based on the average RY price forecast.
Analyzing the RY fundamentals
Royal Bank Of Canada [NYSE:RY] reported sales of 90.13B for the trailing twelve months, which represents a growth of 16.68%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.32 points at the first support level, and at 95.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.59, and for the 2nd resistance point, it is at 98.28.
Ratios To Look Out For
For context, Royal Bank Of Canada’s Current Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 12.21.
