During the last session, Royal Bank Of Canada (NYSE:RY)’s traded shares were 0.78 million, with the beta value of the company hitting 0.89. At the end of the trading day, the stock’s price was $127.29, reflecting an intraday loss of -0.61% or -$0.78. The 52-week high for the RY share is $130.00, that puts it down -2.13 from that peak though still a striking 19.46% gain since the share price plummeted to a 52-week low of $102.52. The company’s market capitalization is $179.51B, and the average intraday trading volume over the past 10 days was 0.79 million shares, and the average trade volume was 1.27 million shares over the past three months.
Royal Bank Of Canada (RY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. RY has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it.
Royal Bank Of Canada (NYSE:RY) trade information
Royal Bank Of Canada (RY) registered a -0.61% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.61% in intraday trading to $127.29, hitting a weekly high. The stock’s 5-day price performance is -1.19%, and it has moved by 0.64% in 30 days. Based on these gigs, the overall price performance for the year is 22.88%. The short interest in Royal Bank Of Canada (NYSE:RY) is 7.74 million shares and it means that shorts have 6.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $112.2, which implies a decrease of -13.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $94 and $193 respectively. As a result, RY is trading at a discount of -51.62% off the target high and 26.15% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.62%. While earnings are projected to return 12.42% in 2025, the next five years will return 9.95% per annum.
RY Dividends
Royal Bank Of Canada is due to release its next quarterly earnings on 2025-May-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Royal Bank Of Canada is 4.15, with the dividend yield indicating at 3.26 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.79%.
Royal Bank Of Canada (NYSE:RY)’s Major holders
Royal Bank Of Canada insiders own 0.01% of total outstanding shares while institutional holders control 49.27%, with the float percentage being 49.28%. ROYAL BANK OF CANADA is the largest shareholder of the company, while 1180.0 institutions own stock in it. As of 2024-06-30, the company held over 75.51 million shares (or 5.2044% of all shares), a total value of $8.03 billion in shares.
The next largest institutional holding, with 75.45 million shares, is of BANK OF MONTREAL /CAN/’s that is approximately 5.2005% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.16 billion.
