For its third fiscal quarter (ending July 31), Royal Bank of Canada (NYSE: RY) has reported E.P.S. of $3.09 compared to $2.73 a year ago. E.P.S. were $11.25 for the latest four quarters through July 31 versus $10.31 for the same period a year ago.
Recent Price Action
On 8/28/24, Royal Bank of Canada (NYSE: RY) stock enjoyed a large increase of 2.1%, closing at $118.84. Moreover, trading volume in this advance was above average at 140% of normal. The stock has risen 5.6% during the last week and has been strong relative to the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Royal Bank of Canada has a good Power Rating of 71 and a very high Appreciation Score of 96, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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