Royal Bank of Canada (RY): Time to Buy this stock


Royal Bank of Canada (NYSE:RY) changes shares on Tuesday trading session, with a change of 0.42% or $0.29 shares. The trading starts at $68.77 and closed at $69.14 throughout the day. The trading session low price was $68.77 and day high was $69.85 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.63 million while its average volume is 1.16M. In other hand, the RY market cap reached to $99.36B. While, its current target price is $88.84.

On July 28, 2020, RBC cuts ties with Canadian charity at center of Trudeau ethics probe. According to the news reported on Reuters, Royal Bank of Canada said on Tuesday it reached a mutual agreement to end all sponsorships with and donations to Canada’s WE Charity, which has been drawn into controversy surrounding an ethics inquiry into Prime Minister Justin Trudeau.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.46% and up 0.59% for month. Its quarterly performance was 15.27% above, while its half year performance is down -13.35%. RY yearly performance stood at negative -8.60% and fall -12.34% for year-to-date. Current recommendation for Royal Bank of Canada is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RY EPS (TTM) for 12-month is 5.82. EPS for this year is 6.20%, while for the next year its value is 6.35. Sales growth for the current quarter is 2.04 while its EPS Q/Q reached -54.60%. It has an EPS of 7.80% up for past five years and for the next five years will be up 5.84%.

On the other hand, target price ranges from $109.00 – $109.00. Average target price for RY was reached at $109.00.

Royal Bank of Canada, Bank of Montreal/Can/ and Vanguard Group, Inc. (The) are the top three holders in Royal Bank of Canada (RY) stock. On Mar 30, 2020, Royal Bank of Canada has 76.62 million shares which valued 4.72 billion. On Mar 30, 2020, Bank of Montreal/Can/ owned 60.59 million shares which valued at 3.73 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 44.69 million shares which valued at 2.75 billion. In the end, Vanguard Group, Inc. (The) have 3.14% shares outstanding of Royal Bank of Canada (RY) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 52.30%.

The company posted an EPS (TTM) of 5.82. According to the most recent quarter report on (Jan 2018), 11 analysts estimated an average EPS of 1.6, while 1.52 EPS posted a year ago period. Analyst Estimated EPS for RY published in the report was $1.51 – $1.65 during the same period. Comparing with last year, the average estimated EPS was 1.52 which is lower than 1.56 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RY fall -3.58% for period of 200 days. SMA for 50 days was 1.35% which is showing green signal, while SMA-20 was -0.19%. The moving average value for Royal Bank of Canada (RY) is 67.96 and 68.92 for 200 and 50 days respectively.