Royal Bank Of Canada [RY] stock is trading at $121.47, down -0.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RY shares have gain 0.07% over the last week, with a monthly amount drifted -1.47%, and not 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.
Royal Bank Of Canada [RY] stock has fluctuated between $77.90 and $125.28 over the past year. 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 $121.47 at the most recent close of the market. An investor can expect a potential drop of -11.25% based on the average RY price forecast.
Analyzing the RY fundamentals
Royal Bank Of Canada [NYSE:RY] reported sales of 96.07B for the trailing twelve months, which represents a growth of 8.12%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.89.
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 120.43 points at the first support level, and at 119.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.49, and for the 2nd resistance point, it is at 123.50.
Ratios To Look Out For
For context, Royal Bank Of Canada’s Current Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 14.70.
