NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$70.87

-1.47 (-2.03 %)

(As of 09/21/2020 12:00 AM ET)

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Today's Range

$69.97

Now: $70.87▼

$71.27

50-Day Range

$69.09

MA: $73.54▼

$77.57

52-Week Range

$49.55

Now: $70.87▼

$82.74

Volume594,219 shs

Average Volume1.24 million shs

Market Capitalization$100.84 billion

P/E Ratio12.18

Dividend Yield4.41%

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.

Beat the Market (BTM) Rank^™

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 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $102.95, Royal Bank of Canada has a forecasted upside of 45.3% from its current price of $70.87.
Amount of Analyst Coverage
Royal Bank of Canada has been the subject of 9 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 591 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Royal Bank of Canada has received 801 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Royal Bank of Canada has received 57.54% “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 4.41%, 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 1 years.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 47.68%. 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 51.20% 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
40.16% 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 12.86% in the coming year, from $5.52 to $6.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 12.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 12.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.00.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.91. 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 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.53 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 Ratio12.18

Forward P/E Ratio12.84

P/E Growth1.91

Sales & Book Value

Annual Sales$50.86 billion

Price / Sales1.98

Cash Flow$7.59 per share

Price / Cash Flow9.34

Book Value$40.98 per share

Price / Book1.73

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 Shares1,422,855,000

Market Cap$100.84 billion

Next Earnings Date12/2/2020 (Estimated)

OptionableOptionable

$70.87

-1.47 (-2.03 %)

(As of 09/21/2020 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 price been impacted by Coronavirus (COVID-19)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RY stock has increased by 10.9% and is now trading at $70.87.
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. Shareholders 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 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Friday, October 23rd. This is an increase 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 equities research analysts have issued 12-month price targets 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 $102.95 in the next year. This suggests a possible upside of 45.3% 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 trading volume of 863,900 shares, the days-to-cover ratio is presently 6.1 days. Currently, 0.4% of the shares of the stock 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), 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), Boc Hong Kong (BHKLY), HANG SENG BK LT/S (HSNGY) and ING Groep (ING).
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), AbbVie (ABBV), Johnson & Johnson (JNJ), 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 a number of retail and institutional investors. Top institutional shareholders 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 purchased 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 $70.87.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $100.84 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 9/21/2020 by MarketBeat.com Staff

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