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NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$70.62
+0.02 (+0.03 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$69.67
Now: $70.62▼
$70.64
50-Day Range
$70.00
MA: $73.65▼
$77.57
52-Week Range
$49.55
Now: $70.62▼
$82.74
Volume529,273 shs
Average Volume1.23 million shs
Market Capitalization$100.54 billion
P/E Ratio12.13
Dividend Yield4.52%
Beta0.91
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.
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Royal Bank of Canada logo

Beat the Market (BTM) Rank™

Analyst Opinion: 4.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.53 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
Webwww.rbc.com
Phone888-212-5533

Debt

Debt-to-Equity Ratio0.13
Current Ratio0.86
Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio12.13
Forward P/E Ratio12.79
P/E Growth1.91

Sales & Book Value

Annual Sales$50.86 billion
Price / Sales1.98
Cash Flow$7.56 per share
Price / Cash Flow9.34
Book Value$40.98 per share
Price / Book1.72

Profitability

EPS (Most Recent Fiscal Year)$6.69
Net Income$9.68 billion
Net Margins17.78%
Return on Equity14.86%
Return on Assets0.75%

Miscellaneous

Employees82,801
Outstanding Shares1,423,670,000
Market Cap$100.54 billion
Next Earnings Date12/2/2020 (Estimated)
OptionableOptionable
$70.62
+0.02 (+0.03 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RY stock has increased by 10.5% and is now trading at $70.62.
View which stocks have been most impacted by COVID-19.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 Wednesday, December 2nd 2020.
View our earnings forecast for Royal Bank of Canada.

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, August 26th. Stockholders of record on Monday, October 26th will be paid a dividend of $0.805 per share on Tuesday, November 24th. This represents a $3.22 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Friday, October 23rd. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.78.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

12 Wall Street analysts have issued 12 month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they anticipate Royal Bank of Canada's share price to reach $102.95 in the next twelve months. This suggests a possible upside of 45.8% from the stock's current price.
View analysts' price targets for Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,260,000 shares, a decline of 34.1% from the August 15th total of 7,980,000 shares. Based on an average daily volume of 863,900 shares, the days-to-cover ratio is presently 6.1 days. Currently, 0.4% of the shares of the company are sold short.
View Royal Bank of Canada's Short Interest.

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), Toronto-Dominion Bank (TD), COMWLTH BK AUS/S (CMWAY), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ANZ (ANZBY), Canadian Imperial Bank of Commerce (CM), ICICI Bank (IBN), Banco Santander (SAN), NORDEA Bk AB SW/S (NRDBY), HANG SENG BK LT/S (HSNGY) and Boc Hong Kong (BHKLY).
View all 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 Toronto-Dominion Bank (TD), Johnson & Johnson (JNJ), AbbVie (ABBV), AT&T (T), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.05%), TD Asset Management Inc. (2.64%), FIL Ltd (1.89%), Bank of Nova Scotia (1.77%), Toronto Dominion Bank (1.43%) and CIBC Asset Management Inc (1.00%).

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 Toronto Dominion Bank, FIL Ltd, Goldman Sachs Group Inc., Vanguard Group Inc., Cardinal Capital Management Inc., Jarislowsky Fraser Ltd, Hexavest Inc., and TD Asset Management Inc..

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 Toronto Dominion Bank, CIBC Asset Management Inc, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., FMR LLC, Montrusco Bolton Investments Inc., Canada Pension Plan Investment Board, and MUFG Securities EMEA plc.

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 $70.62.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $100.54 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.

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 9/27/2020 by MarketBeat.com Staff
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