NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$84.67

-0.39 (-0.46 %)

(As of 01/19/2021 12:00 AM ET)

Add

Compare

Today's Range

$84.59

Now: $84.67▼

$85.42

50-Day Range

$80.13

MA: $82.94▼

$85.58

52-Week Range

$49.55

Now: $84.67▼

$86.14

Volume672,514 shs

Average Volume824,019 shs

Market Capitalization$120.56 billion

P/E Ratio14.45

Dividend Yield3.81%

Beta0.99

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. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's 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. Its 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. The company's 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. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.

MarketRank^™

Overall MarketRank^™

2.45 out of 5 stars

Finance Sector

100th out of 129 stocks

Commercial Banks, Not Elsewhere Classified Industry

3rd out of 3 stocks

4.3 Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 8 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $106.24, Royal Bank of Canada has a forecasted upside of 25.5% from its current price of $84.67.
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 597 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Royal Bank of Canada has received 810 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Royal Bank of Canada has received 57.57% “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.

2.5 Dividend Strength

Dividend Yield
Royal Bank of Canada pays a meaningful dividend of 3.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Royal Bank of Canada has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 54.64%. 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 45.13% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

0.8 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
40.81% 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.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to grow by 8.46% in the coming year, from $6.62 to $7.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 14.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 14.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.02.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.75. 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 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Webwww.rbc.com

Phone888-212-5533

Employees83,842

Debt

Debt-to-Equity Ratio0.12

Current Ratio0.89

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio14.45

Forward P/E Ratio12.79

P/E Growth1.75

Sales & Book Value

Annual Sales$45.54 billion

Price / Sales2.65

Cash Flow$7.39 per share

Price / Cash Flow11.45

Book Value$42.23 per share

Price / Book2.00

Profitability

EPS (Most Recent Fiscal Year)$5.93

Net Income$8.50 billion

Net Margins18.78%

Return on Equity14.84%

Return on Assets0.73%

Miscellaneous

Outstanding Shares1,423,861,000

Market Cap$120.56 billion

Next Earnings Date2/18/2021 (Estimated)

OptionableOptionable

$84.67

-0.39 (-0.46 %)

(As of 01/19/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive RY News and Ratings via Email

Sign-up to receive the latest news and ratings for RY and its competitors with MarketBeat's FREE daily newsletter.

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

How has Royal Bank of Canada's stock price 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. Since then, RY shares have increased by 32.5% and is now trading at $84.67.
View which stocks have been most impacted by COVID-19.

Is Royal Bank of Canada a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Royal Bank of Canada?

Wall Street analysts have given Royal Bank of Canada a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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, February 18th 2021.
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) posted its earnings results on Tuesday, December, 1st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.73. The financial services provider earned $11.09 billion during the quarter, compared to analyst estimates of $11.45 billion. Royal Bank of Canada had a return on equity of 14.84% and a net margin of 18.78%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.18 EPS.
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 announced a quarterly dividend on Wednesday, December 2nd. Shareholders of record on Tuesday, January 26th will be paid a dividend of $0.811 per share on Wednesday, February 24th. This represents a $3.24 annualized dividend and a yield of 3.83%. The ex-dividend date is Monday, January 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.81.
View Royal Bank of Canada's dividend history.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada pays an annual dividend of $3.24 per share and currently has a dividend yield of 3.81%. Royal Bank of Canada does not yet have a strock track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 54.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 45.13% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

13 brokers have issued 12 month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $128.00. On average, they anticipate Royal Bank of Canada's share price to reach $106.24 in the next year. This suggests a possible upside of 25.5% from the stock's current price.
View analysts' price targets for Royal Bank of Canada or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Commonwealth Bank of Australia (CMWAY), The Toronto-Dominion Bank (TD), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Westpac Banking (WBK), Australia and New Zealand Banking Group (ANZBY), ICICI Bank (IBN), Bank of Montreal (BMO), Sumitomo Mitsui Financial Group (SMFG), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), Hang Seng Bank (HSNGY) and Crédit Agricole (CRARY).
View all of RY's competitors.

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 The Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), The Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and The Walt Disney (DIS).

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 58)
Mr. Rod Bolger, Chief Financial Officer
Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance and Investor & Treasury Services
Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
Mr. Bruce Ross, Group Head of Technology & Operations
Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
Mr. Christoph Knoess, Chief Admin. & Strategy Officer
Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
Mr. David Onorato, Gen. Counsel
Ms. Amy Cairncross, Sr. VP of Communications

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 variety of institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.09%), Addenda Capital Inc. (0.08%), Nexus Investment Management ULC (0.03%), Donaldson Capital Management LLC (0.02%), Crossmark Global Holdings Inc. (0.01%) and Davis Rea LTD. (0.01%).

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 Pinnacle Financial Partners Inc., Cardinal Capital Management Inc., Crossmark Global Holdings Inc., Chemung Canal Trust Co., First American Bank, First Citizens Bank & Trust Co., Gradient Investments LLC, and Carroll Financial Associates Inc..

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was purchased by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Cox Capital Mgt LLC, Davis Rea LTD., Lake Street Financial LLC, Wambolt & Associates LLC, Ritholtz Wealth Management, and Nexus Investment Management ULC.

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 WeBull, 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 $84.67.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $120.56 billion and generates $45.54 billion in revenue each year. The financial services provider earns $8.50 billion in net income (profit) each year or $5.93 on an earnings per share basis. Royal Bank of Canada employs 83,842 workers across the globe.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is 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 1/19/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here