Royal Bank Of Canada (NYSE:RY) Stock Has Consensus Price Target of $225.00 According to Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Royal Bank of Canada, with seven buy ratings, five holds and one strong buy. The average 12-month price target is $225, above the stock’s reported $201.10 opening price.
• RBC exceeded quarterly expectations, reporting $3.07 in EPS versus the $2.89 consensus and revenue of $13.22 billion compared with estimates of $12.98 billion.
• The bank declared a quarterly dividend of C$1.76 per share, equivalent to C$7.04 annually and a 3.5% yield; its payout ratio is 43.39%.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY has received a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $225.00.

RY has been the topic of several recent analyst reports. Argus set a $225.00 price target on Royal Bank Of Canada in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Scotiabank restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. TD Securities reaffirmed a "buy" rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Royal Bank Of Canada from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, July 29th.

Royal Bank Of Canada Trading Down 0.4%

Royal Bank Of Canada stock opened at $201.10 on Tuesday. The stock has a market cap of $278.85 billion, a P/E ratio of 17.59, a PEG ratio of 1.81 and a beta of 0.79. Royal Bank Of Canada has a fifty-two week low of $143.13 and a fifty-two week high of $218.57. The firm's fifty day moving average price is $207.78 and its 200-day moving average price is $193.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%.The company had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Equities research analysts forecast that Royal Bank Of Canada will post 11.83 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be issued a dividend of C$1.76 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada's payout ratio is currently 43.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Echo45 Advisors LLC boosted its stake in Royal Bank Of Canada by 5.0% in the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider's stock worth $204,000 after purchasing an additional 60 shares in the last quarter. Key Financial Inc increased its stake in Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. Apella Capital LLC increased its stake in Royal Bank Of Canada by 3.1% during the 2nd quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider's stock valued at $451,000 after purchasing an additional 64 shares in the last quarter. Cornerstone Financial Management LLC raised its holdings in Royal Bank Of Canada by 45.2% in the second quarter. Cornerstone Financial Management LLC now owns 212 shares of the financial services provider's stock worth $44,000 after buying an additional 66 shares during the last quarter. Finally, Fiduciary Financial Group LLC raised its holdings in Royal Bank Of Canada by 3.5% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider's stock worth $419,000 after buying an additional 68 shares during the last quarter. Institutional investors own 45.31% of the company's stock.

About Royal Bank Of Canada

Royal Bank of Canada NYSE: RY is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and serves individuals, businesses, institutional clients and governments.

RBC provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and financial advice. Its wealth management operations offer investment management, brokerage, trust, private banking and financial planning services to individuals, families and institutions.

Through RBC Capital Markets, the company provides investment banking, corporate banking, securities, sales and trading, and financial advisory services.

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