Royal Bank of Canada Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 5 hold ratings and 9 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 top-rated stocks.

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Royal Bank of Canada saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 5,940,000 shares, an increase of 35.0% from the January 14th total of 4,400,000 shares. Based on an average daily trading volume, of 817,500 shares, the short-interest ratio is currently 7.3 days. Currently, 0.4% of the shares of the stock are short sold.
View Royal Bank of Canada's Short Interest.

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, May 26th 2021.
View our earnings forecast for Royal Bank of Canada.

Royal Bank of Canada (NYSE:RY) announced its quarterly earnings results on Tuesday, February, 23rd. The financial services provider reported $2.69 EPS for the quarter, beating the consensus estimate of $1.73 by $0.96. Royal Bank of Canada had a net margin of 18.78% and a trailing twelve-month return on equity of 14.84%.
View Royal Bank of Canada's earnings history.

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. Since then, RY stock has increased by 36.4% and is now trading at $87.15.
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Royal Bank of Canada declared a quarterly dividend on Thursday, February 25th. Investors of record on Thursday, April 22nd will be paid a dividend of $0.8576 per share on Friday, May 21st. This represents a $3.43 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, April 21st. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $0.81.
View Royal Bank of Canada's dividend history.

Royal Bank of Canada pays an annual dividend of $3.39 per share and currently has a dividend yield of 3.98%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 57.17%. 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 47.21% 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.

14 brokers have issued 12 month target prices for Royal Bank of Canada's stock. Their forecasts range from $69.00 to $133.00. On average, they anticipate Royal Bank of Canada's stock price to reach $113.83 in the next year. This suggests a possible upside of 30.6% from the stock's current price.
View analysts' price targets for Royal Bank of Canada or view top-rated stocks among Wall Street analysts.

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), Westpac Banking (WBK), Banco Santander (SAN), Australia and New Zealand Banking Group (ANZBY), ICICI Bank (IBN), Bank of Montreal (BMO), Sumitomo Mitsui Financial Group (SMFG), ING Groep (ING), Canadian Imperial Bank of Commerce (CM), Crédit Agricole (CRARY) and Barclays (BCS).
View all of RY's competitors.

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).

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 retail and institutional investors. Top institutional investors include FIL Ltd (2.05%), Toronto Dominion Bank (1.42%), Mackenzie Financial Corp (1.26%), CIBC Asset Management Inc (1.07%), Caisse DE Depot ET Placement DU Quebec (1.03%) and Beutel Goodman & Co Ltd. (1.01%).

RY stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Credit Suisse AG, Caisse DE Depot ET Placement DU Quebec, Prudential PLC, Sumitomo Mitsui Trust Holdings Inc., Morgan Stanley, Beutel Goodman & Co Ltd., and Intact Investment Management Inc..

RY stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, FIL Ltd, Canada Pension Plan Investment Board, Pendal Group Limited, Mackenzie Financial Corp, Renaissance Technologies LLC, JPMorgan Chase & Co., and Alliancebernstein L.P..

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.
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One share of RY stock can currently be purchased for approximately $87.15.

Royal Bank of Canada has a market capitalization of $124.11 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.

The following companies are subsidiares of Royal Bank of Canada: BlueBay Asset Management, BlueBay Asset Management (Services) Ltd, Capital Funding Alberta Limited, City Holding, City National Corporation, Investment Holdings (Cayman) Limited, Mourant Private Wealth, R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Bank (Georgia) National Association, RBC Capital Markets LLC, RBC Capital Trust, RBC Caribbean Investments Limited, RBC Covered Bond Guarantor Limited Partnership, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Finance S.à r.l./B.V., RBC Financial (Caribbean) Limited, RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management Inc., RBC Holdings (Barbados) Ltd., RBC Holdings (Channel Islands) Limited, RBC Holdings (Luxembourg) S.A R.L., RBC Insurance Company of Canada, RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC Phillips Hager & North Investment Counsel Inc., RBC USA Holdco Corporation, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada (Channel Islands) Limited, Royal Bank of Canada Insurance Company Ltd., Royal Mutual Funds Inc., Royal Trust Corporation of Canada, The Royal Trust Company, and WayPay.

Royal Bank of Canada was founded in 1864.

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

Royal Bank of Canada is headquartered at 200 BAY STREET, TORONTO A6, M5J2J5.

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]