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NYSE:RY

Royal Bank of Canada (RY) Stock Price, News & Analysis

$96.78
-1.14 (-1.16%)
(As of 12:27 PM ET)
Today's Range
$96.20
$97.42
50-Day Range
$94.70
$103.06
52-Week Range
$77.90
$103.88
Volume
292,269 shs
Average Volume
1.19 million shs
Market Capitalization
$136.91 billion
P/E Ratio
12.19
Dividend Yield
3.09%
Price Target
$137.67

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
42.9% Upside
$137.67 Price Target
Short Interest
Bearish
0.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.42mentions of Royal Bank of Canada in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.47%
From $8.50 to $9.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Finance Sector

225th out of 869 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 28 stocks

RY stock logo

About Royal Bank of Canada Stock (NYSE:RY)

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, including auto financing, 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. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Stock Price History

RY Stock News Headlines

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As demand for natural gas could make its prices catch up to oil, this stock is the clear choice for institutions to consider buying for double-digit upside
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Company Calendar

Ex-Dividend for 2/23 Dividend
1/24/2024
Dividend Payable
2/23/2024
Last Earnings
2/28/2024
Today
4/16/2024
Ex-Dividend for 5/24 Dividend
4/24/2024
Next Earnings (Estimated)
5/23/2024
Dividend Payable
5/24/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
91,398
Year Founded
1896

Price Target and Rating

Average Stock Price Target
$137.67
High Stock Price Target
$150.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+40.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
14.26%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$9.94 per share
Book Value
$58.30 per share

Miscellaneous

Outstanding Shares
1,414,690,000
Free Float
N/A
Market Cap
$138.53 billion
Optionable
Optionable
Beta
0.86

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Key Executives

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

  • Strong institutional investor ownership, indicating confidence in the company's performance and stability.
  • Consistent growth in position by major financial institutions like Norges Bank and TD Asset Management Inc, reflecting positive outlook on the company's future prospects.
  • Diversified financial services offered globally, providing stability and potential for revenue growth across different markets and sectors.
  • Recent increase in stock price, suggesting positive market sentiment and potential for capital appreciation.
  • Robust financial performance and market position, positioning the company as a reliable investment option in the financial services sector.

Cons

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

  • High competition in the financial services industry, leading to potential margin pressures and challenges in market share growth.
  • Market volatility and economic uncertainties may impact the company's financial performance and stock price in the short term.
  • Regulatory changes and compliance requirements could increase operational costs and affect profitability.
  • Dependency on interest rates and economic conditions, exposing the company to risks associated with fluctuations in interest rates and market conditions.
  • Potential impact of global events and geopolitical factors on the company's operations and financial stability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RY shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price target for 2024?

6 Wall Street analysts have issued 1 year price targets for Royal Bank of Canada's stock. Their RY share price targets range from $124.00 to $150.00. On average, they anticipate the company's share price to reach $137.67 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price.
View analysts price targets for RY
or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2024?

Royal Bank of Canada's stock was trading at $101.13 on January 1st, 2024. Since then, RY shares have decreased by 4.7% and is now trading at $96.33.
View the best growth stocks for 2024 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in March. As of March 31st, there was short interest totaling 11,910,000 shares, an increase of 24.7% from the March 15th total of 9,550,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 9.7 days. Approximately 0.8% of the shares of the company are sold short.
View Royal Bank of Canada's Short Interest
.

When is Royal Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our RY earnings forecast
.

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) issued its earnings results on Wednesday, February, 28th. The financial services provider reported $2.11 EPS for the quarter, topping the consensus estimate of $2.06 by $0.05. The financial services provider had revenue of $9.98 billion for the quarter, compared to analyst estimates of $10.10 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 14.74% and a net margin of 12.43%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Thursday, April 25th will be given a dividend of $1.0207 per share on Friday, May 24th. This represents a $4.08 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a boost from the stock's previous quarterly dividend of $1.02.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $2.99 per share and currently has a dividend yield of 3.03%. The dividend payout ratio is 37.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 32.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

What other stocks do shareholders of Royal Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.08%), Addenda Capital Inc. (0.06%), Miller Howard Investments Inc. NY (0.04%), Nexus Investment Management ULC (0.04%), NBC Securities Inc. (0.03%) and Hennessy Advisors Inc. (0.00%).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
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This page (NYSE:RY) was last updated on 4/16/2024 by MarketBeat.com Staff

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