S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

FY2022 EPS Estimates for Royal Bank of Canada Raised by Analyst (TSE:RY)

Last updated on Friday, November 26, 2021 | 2021 MarketBeat

Royal Bank of Canada (TSE:RY) (NYSE:RY) - National Bank Financial raised their FY2022 earnings per share estimates for Royal Bank of Canada in a research note issued on Monday, November 22nd. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings per share of $11.98 for the year, up from their prior estimate of $11.91. National Bank Financial has a "Outperform" rating and a $144.00 price target on the stock. Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Wednesday, August 25th. The financial services provider reported C$3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$2.72 by C$0.28. The firm had revenue of C$12.76 billion for the quarter, compared to the consensus estimate of C$11.37 billion.

A number of other equities analysts also recently issued reports on RY. Canaccord Genuity increased their price target on Royal Bank of Canada from C$140.00 to C$143.00 and gave the stock a "buy" rating in a research report on Thursday, August 26th. CIBC increased their price target on Royal Bank of Canada from C$145.00 to C$149.00 in a research report on Monday. BMO Capital Markets increased their price target on Royal Bank of Canada from C$139.00 to C$142.00 and gave the stock a "market perform" rating in a research report on Thursday, August 26th. Credit Suisse Group reissued an "outperform" rating on shares of Royal Bank of Canada in a research report on Thursday, September 2nd. Finally, Barclays raised their price objective on Royal Bank of Canada from C$137.00 to C$142.00 in a research report on Friday, August 13th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$140.87.

RY opened at C$132.75 on Wednesday. Royal Bank of Canada has a 12-month low of C$102.74 and a 12-month high of C$134.23. The business's fifty day simple moving average is C$129.96 and its 200-day simple moving average is C$127.91. The company has a market capitalization of C$189.13 billion and a price-to-earnings ratio of 12.50.

In other news, Director David Ian Mckay sold 5,322 shares of the firm's stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of C$126.30, for a total value of C$672,182.97. Following the completion of the transaction, the director now directly owns 5,873 shares in the company, valued at C$741,775.76. Also, Senior Officer Rod Bolger sold 536 shares of the firm's stock in a transaction dated Friday, October 22nd. The stock was sold at an average price of C$133.21, for a total value of C$71,401.04. Following the completion of the transaction, the insider now owns 4,570 shares of the company's stock, valued at C$608,773.81. In the last three months, insiders sold 17,053 shares of company stock valued at $2,222,843.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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