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

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 stock has increased by 6.6% and is now trading at $68.16. View which stocks have been most impacted by Coronavirus.

11 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Royal Bank of Canada.

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Royal Bank of Canada.

Royal Bank of Canada (NYSE:RY) posted its quarterly earnings results on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $1.13 by $0.36. The financial services provider had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $8.15 billion. Royal Bank of Canada had a return on equity of 15.03% and a net margin of 17.51%. View Royal Bank of Canada's earnings history.

Royal Bank of Canada declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, July 27th will be paid a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Friday, July 24th. View Royal Bank of Canada's dividend history.

11 brokerages 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 stock price to reach $97.11 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

News stories about RY stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news about Royal Bank of Canada.

Royal Bank of Canada saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,580,000 shares, a drop of 9.2% from the May 31st total of 8,350,000 shares. Based on an average trading volume of 1,700,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.5% of the shares of the stock are sold short. View Royal Bank of Canada's Current Options Chain.

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY) and ING Groep (ING). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AT&T (T), Bank of Nova Scotia (BNS), AbbVie (ABBV), Bank of America (BAC), Pfizer (PFE), Verizon Communications (VZ), Walt Disney (DIS), General Electric (GE) and Johnson & Johnson (JNJ).

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

Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional investors include Cox Capital Mgt LLC (0.00%).

RY stock was purchased by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC.

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.

One share of RY stock can currently be purchased for approximately $68.16.

Royal Bank of Canada has a market capitalization of $97.02 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.

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

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]