NYSE:RYRoyal Bank of Canada Stock Price, Forecast & News

$61.64

+0.86 (+1.41 %)

(As of 04/7/2020 02:50 PM ET)

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Today's Range

$61.59

Now: $61.64▼

$64.25

50-Day Range

$49.61

MA: $68.00▼

$82.62

52-Week Range

$49.55

Now: $61.64▼

$82.74

Volume1.08 million shs

Average Volume2.39 million shs

Market Capitalization$87.73 billion

P/E Ratio9.09

Dividend Yield5.58%

Beta1.01

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals. It also provides lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, and trade products and services to small and medium-sized commercial businesses. In addition, this segment offers international financing and trade promotion services through branches, automated teller machines, and online and mobile banking. The company's Wealth Management provides investment, trust, banking, credit, and other wealth management solutions to high and ultra-high net worth clients; and asset management products to institutional and individual clients through its distribution channels and third-party distributors. Its Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and creditor and business insurance services to individual, business, and group clients through its field sales force, advice centers, and online, as well as through independent insurance advisors and affinity relationships. The company's Investor & Treasury Services segment provides asset, cash management, transaction banking, and treasury services to institutional clients; correspondent banking and trade finance services for financial institutions; and short-term funding and liquidity management services. Its Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, sale, and trading services for corporations, institutional investors, asset managers, governments, and central banks. The company was founded in 1864 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

4.2 Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $102.83, Royal Bank of Canada has a potential upside of 66.8% from its current price of $61.64.
Amount of Analyst Coverage
Royal Bank of Canada has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
Royal Bank of Canada has received 577 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Royal Bank of Canada has received 784 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Royal Bank of Canada has received 57.60% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Royal Bank of Canada and other stocks. Vote “Outperform” if you believe RY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RY will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Royal Bank of Canada is a leading dividend payer. It pays a dividend yield of 5.58%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Royal Bank of Canada has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 48.28 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 49.92 % next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Royal Bank of Canada insiders have not sold or bought any company stock.
Percentage Held by Institutions
42.84% of the stock of Royal Bank of Canada is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to grow by 3.85% in the coming year, from $6.23 to $6.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 9.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 9.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.45.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Royal Bank of Canada has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.50 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:RY

Previous Symbol

CUSIPN/A

CIK1000275

Webhttp://www.rbc.com/

Phone888-212-5533

Debt

Debt-to-Equity Ratio0.12

Current Ratio0.91

Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio9.09

Forward P/E Ratio9.89

P/E Growth1.79

Sales & Book Value

Annual Sales$50.86 billion

Price / Sales1.72

Cash Flow$8.39 per share

Price / Cash Flow7.35

Book Value$40.98 per share

Price / Book1.50

Profitability

EPS (Most Recent Fiscal Year)$6.69

Net Income$9.68 billion

Net Margins19.36%

Return on Equity17.32%

Return on Assets0.94%

Miscellaneous

Employees82,801

Outstanding Shares1,423,210,000

Market Cap$87.73 billion

Next Earnings Date5/28/2020 (Estimated)

OptionableOptionable

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Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

How has Royal Bank of Canada's stock been impacted by COVID-19 (Coronavirus)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RY stock has decreased by 3.6% and is now trading at $61.64. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Royal Bank of Canada?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Royal Bank of Canada.

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

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Royal Bank of Canada.

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

Royal Bank of Canada (NYSE:RY) released its earnings results on Thursday, February, 20th. The financial services provider reported $1.85 EPS for the quarter, topping the Zacks' consensus estimate of $1.73 by $0.12. The financial services provider earned $9.75 billion during the quarter, compared to analysts' expectations of $9.08 billion. Royal Bank of Canada had a net margin of 19.36% and a return on equity of 17.32%. View Royal Bank of Canada's earnings history.

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 Friday, February 21st. Investors of record on Thursday, April 23rd will be paid a dividend of $0.816 per share on Friday, May 22nd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Wednesday, April 22nd. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.79. View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

9 brokers have issued 1 year target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $102.83 in the next twelve months. This suggests a possible upside of 66.8% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

Has Royal Bank of Canada been receiving favorable news coverage?

News coverage about RY stock has been trending very negative on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Royal Bank of Canada earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutRoyal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,825,000 shares, an increase of 86.2% from the February 27th total of 4,740,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is presently 7.5 days. Approximately 0.6% of the company's stock are short sold. View Royal Bank of Canada's Current Options Chain.

Who are some of Royal Bank of Canada's key competitors?

Some companies that are related to Royal Bank of Canada include Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Westpac Banking (WBK), Bank of Montreal (BMO), BNP PARIBAS/S (BNPQY), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), ICICI Bank (IBN), Lloyds Banking Group (LYG), OVERSEA-CHINESE/ADR (OVCHY) and Canadian Imperial Bank of Commerce (CM).

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), Bank of Nova Scotia (BNS), AT&T (T), AbbVie (ABBV), Bank of America (BAC), Pfizer (PFE), Verizon Communications (VZ), Enbridge (ENB), General Electric (GE) and Johnson & Johnson (JNJ).

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the following people:

Mr. David I. McKay, Pres, CEO & Director (Age 56)
Mr. Rod Bolger, Chief Financial Officer
Ms. Jennifer Tory, Chief Admin. Officer
Mr. Douglas A. Guzman, Group Head of Wealth Management & Insurance
Mr. A. Douglas McGregor, Group Head of Capital Markets, Investor & Treasury Services (Age 62)

What is Royal Bank of Canada's stock symbol?

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Nexus Investment Management Inc. (0.04%), CLARET ASSET MANAGEMENT Corp (0.01%), Gradient Investments LLC (0.00%) and Chemung Canal Trust Co. (0.00%).

Which institutional investors are selling Royal Bank of Canada stock?

RY stock was sold by a variety of institutional investors in the last quarter, including Chemung Canal Trust Co., and Gradient Investments LLC.

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was bought by a variety of institutional investors in the last quarter, including Nexus Investment Management Inc., and CLARET ASSET MANAGEMENT Corp.

How do I buy shares of Royal Bank of Canada?

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

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately $61.64.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $87.73 billion and generates $50.86 billion in revenue each year. The financial services provider earns $9.68 billion in net income (profit) each year or $6.69 on an earnings per share basis. Royal Bank of Canada employs 82,801 workers across the globe. View additional information about Royal Bank of Canada.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is http://www.rbc.com/.

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider can be reached via phone at 888-212-5533 or via email at [email protected]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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NYSE:RYRoyal Bank of Canada Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

4.2 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment