At the time of writing, Royal Bank Of Canada [RY] stock is trading at $110.51, down -0.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The RY shares have lost -0.03% over the last week, with a monthly amount glided 6.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies upgraded its rating to Buy on May 13, 2024. On April 05, 2024, upgrade upgraded it’s rating to Outperform. Barclays started tracking the stock assigning a Equal Weight rating. Jefferies initiated its recommendation with a Hold. BofA Securities upgraded its rating to Buy for this stock on December 18, 2023.
For the past year, the stock price of Royal Bank Of Canada fluctuated between $77.90 and $112.67. Currently, Wall Street analysts expect the stock to reach $107.81 within the next 12 months. Royal Bank Of Canada [NYSE: RY] shares were valued at $110.51 at the most recent close of the market. An investor can expect a potential drop of -2.44% based on the average RY price forecast.
Analyzing the RY fundamentals
According to Royal Bank Of Canada [NYSE:RY], the company’s sales were 94.20B for trailing twelve months, which represents an 20.11% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.94.
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 110.01 points at the first support level, and at 109.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.42, and for the 2nd resistance point, it is at 112.32.
Ratios To Look Out For
It is important to note that Royal Bank Of Canada [NYSE:RY] has a current ratio of 0.65. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 13.72.
