Royal Bank Of Canada [RY] stock prices are down -0.10% to $119.72 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RY shares have lost -3.98% over the last week, with a monthly amount drifted -2.59%, 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 November 21, 2024, when Barclays upgraded its rating to a Overweight. Previously, TD Securities downgraded its rating to Hold on November 15, 2024. On July 02, 2024, UBS initiated with a Buy rating. Jefferies upgraded its rating to a Buy. BMO Capital Markets upgraded its rating to a Outperform. In a note dated February 22, 2024, Jefferies initiated an Hold rating.
The stock price of Royal Bank Of Canada [RY] has been fluctuating between $93.97 and $128.05 over the past year. Currently, Wall Street analysts expect the stock to reach $193 within the next 12 months. Royal Bank Of Canada [NYSE: RY] shares were valued at $119.72 at the most recent close of the market. An investor can expect a potential return of 61.21% based on the average RY price forecast.
Analyzing the RY fundamentals
The Royal Bank Of Canada [NYSE:RY] reported sales of 97.86B for trailing twelve months, representing a surge of 7.87%. Gross Profit Margin for this corporation currently stands at 1.21% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.21%, 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 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.69.
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 119.16 points at the first support level, and at 118.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.82, and for the 2nd resistance point, it is at 121.91.
Ratios To Look Out For
It’s worth pointing out that Royal Bank Of Canada [NYSE:RY]’s Current Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 14.49.
