Canadian stock alert

CANA

CLOSING UPDATE: Royal Bank of Canada increases 0.5%, led Bank sector higher 17 October 2017 18:16 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Royal Bank of Canada, Canada's largest bank by market capitalisation, has increased 0.5% to trade at CAD99.78 vs. the Bank sector which strengthened 3.8 points (or 0.2%) to 2,014.1. Representing a weighting of about 29.8% of the sector, the stock accounted for 79.1% of today's gain. The shares have outperformed 81% of the market in the past month. Trading volume was 75% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 1.7 points (or 0.2%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.66 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high four times, pointing to an uptrend.

+ The price increased 1.5% in the last week and jumped 8.3% in the last month.

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 10.3%.

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 2% of stock by value of Q Ratio.

+ Net profit margin has averaged 42.6% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 4.4% of the estimated Enterprise Value of CAD294.6 billion (US$234.5 billion).

+ As per the Du Pont analysis, Return on Equity of 14.8% is better than sector average of 13.5%.

Note

Overbought/Bearish:

The 0.1% discount to 12-month high of CAD99.90 against the 23.1% premium to 12-month low of CAD81.07 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Dividend yield of 2.6% [4.5%]

TODAY'S ALERTS

Afternoon Alert: Royal Bank of Canada hits 52-week high fourth time in one month

17 October 2017 14:43 EDT

Royal Bank of Canada (TSX:RY) hit a 52-week high of CAD99.90 today for the fourth time in the past one month and last traded at CAD99.84. This brought its three-day rise to CAD1.28 or 1.3%. Trading volume was 1.2 times average so far today.

Afternoon Alert: Royal Bank of Canada increases 0.5%, leads Bank sector higher

17 October 2017 12:16 EDT

Royal Bank of Canada (TSX:RY) has increased 0.5% to trade at CAD99.82 vs. the Bank sector which strengthened 264.7 points (or 13.2%) to 2,274.9. Representing a weighting of about 26.4% of the sector, the stock accounted for 1.1% of today's gain. The shares have outperformed 81% of the market in the past week. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Royal Bank of Canada hits 52-week high third time in one month

16 October 2017 18:27 EDT

Royal Bank of Canada, Canada's largest bank by market capitalisation, hit a 52-week high of CAD99.53 today for the third time in the past one month and last traded at CAD99.28. This brought its two-day rise to 72.0c or 0.7%. Trading volume was 56% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 0.1 points (or 0.01%) in the day, this represented a relative price increase of 0.2%.

Afternoon Alert: Royal Bank of Canada hits 52-week high third time in one month

16 October 2017 14:52 EDT

Royal Bank of Canada (TSX:RY) hit a 52-week high of CAD99.53 today for the third time in the past one month and last traded at CAD99.35. This brought its two-day rise to 79.0c or 0.8%. Trading volume was 1.1 times average so far today.

Royal Bank of Canada (T:RY; TSE:RY; N:RY; CN:RY)

ISIN: CA7800871021

PermID: 4297085562

CIK: Royal Bank of Canada

Source: www.BuySellSignals.com