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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 8.2% and is now trading at $69.14.
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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 data on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.36. The financial services provider earned $7.70 billion during the quarter, compared to analyst estimates of $8.15 billion. Royal Bank of Canada had a net margin of 17.51% and a return on equity of 15.03%.
View Royal Bank of Canada's earnings history.

Royal Bank of Canada announced a quarterly dividend on Thursday, May 28th. Shareholders 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 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, July 24th.
View Royal Bank of Canada's dividend history.

11 Wall Street analysts have issued 1 year price targets for Royal Bank of Canada's stock. Their forecasts range from $69.00 to $120.00. On average, they anticipate Royal Bank of Canada's share price to reach $97.11 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price.
View analysts' price targets for Royal Bank of Canada.

Media stories about RY stock have trended somewhat positive on Monday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing 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 five, with scores closest to five being the most favorable. Royal Bank of Canada earned a news impact score of 1.6 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Royal Bank of Canada.

Royal Bank of Canada saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,390,000 shares, an increase of 6.7% from the June 30th total of 5,990,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.5% of the company's shares are short sold.
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), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Banco Santander (SAN), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY), ICICI Bank (IBN), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY) and ING Groep (ING).
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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 shareholders include CIBC Asset Management Inc (1.00%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Intact Investment Management Inc. (0.11%), Addenda Capital Inc. (0.09%), QV Investors Inc. (0.07%) and Value Partners Investments Inc. (0.06%).

RY stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Hexavest Inc., Raymond James Financial Services Advisors Inc., M&G Investment Management Ltd., Sumitomo Mitsui Trust Holdings Inc., Zurcher Kantonalbank Zurich Cantonalbank, Raymond James & Associates, and Addenda Capital Inc..

RY stock was bought by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, QV Investors Inc., Value Partners Investments Inc., Intact Investment Management Inc., K.J. Harrison & Partners Inc, Assenagon Asset Management S.A., UBS Group AG, and Envestnet Asset Management Inc..

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 $69.14.

Royal Bank of Canada has a market capitalization of $98.41 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]