In today’s recent session, 1.2 million shares of the Royal Bank Of Canada (NYSE:RY) have been traded, and its beta is 0.83. Most recently the company’s share price was $99.83, and it changed around $0.63 or 0.64% from the last close, which brings the market valuation of the company to $140.59B. RY at last check was trading at a discount to its 52-week high of $103.88, offering almost -4.06% off that amount. The share price’s 52-week low was $77.90, which indicates that the recent value has risen by an impressive 21.97% since then. We note from Royal Bank Of Canada’s average daily trading volume that its 3-month average coming to 1.23 million.
Royal Bank Of Canada stock received a consensus recommendation rating of Buy, based on a mean score of 2.40. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended RY as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Royal Bank Of Canada is expected to report earnings per share of $2 for the current quarter.
Royal Bank Of Canada (NYSE:RY) trade information
Instantly RY has been showing a green trend so far today with a performance of 0.64% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -1.28% year-to-date, but still up 3.56% over the last five days. On the other hand, Royal Bank Of Canada (NYSE:RY) is 0.46% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $109.06, which translates to bulls needing to increase their stock price by 8.46% from its current value. Analyst projections state that RY is forecast to be at a low of $94 and a high of $125.
Royal Bank Of Canada (RY) estimates and forecasts
Royal Bank Of Canada share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.30 percent over the past six months and at a 0.24% annual growth rate that is well below the industry average of 1.70%. The year-over-year growth rate is expected to be -1.00%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $9.72 billion in revenue for the current quarter. 2 analysts expect Royal Bank Of Canada to make $10.16 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.64%. Royal Bank Of Canada earnings are expected to increase by -1.16% in 2024, but the outlook is positive 4.73% per year for the next five years.
RY Dividends
Royal Bank Of Canada’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 4.01 percent and its annual dividend per share was 4.01. It is important to note, however, that the 4.01% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
