Royal Bank of Canada (NYSE: RY) has reported E.P.S. of $2.75 for its second fiscal quarter (ending April 30) versus $2.60 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $10.89 versus $10.10 for the same period a year ago.
Recent Price Action
On 5/30/24, Royal Bank of Canada (NYSE: RY) stock enjoyed a very large increase of 5.4%, closing at $108.40. Moreover, trading volume in this advance was above average at 141% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
RY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Royal Bank of Canada has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Royal Bank of Canada has a good Power Rating of 72 and a very high Appreciation Score of 97, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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