Royal Bank of Canada - RY Stock Forecast, Price & News

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

Royal Bank of Canada Price Performance

Shares of RY traded down $1.30 during mid-day trading on Monday, hitting $98.96. 3,920 shares of the stock were exchanged, compared to its average volume of 1,168,001. The firm has a 50-day moving average of $97.45 and a two-hundred day moving average of $104.10. The company has a market cap of $138.01 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88. Royal Bank of Canada has a 52-week low of $90.75 and a 52-week high of $119.41.

Royal Bank of Canada (NYSE:RY - Get Rating) (TSE:RY) last announced its quarterly earnings data on Thursday, May 26th. The financial services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.28. The firm had revenue of $8.86 billion for the quarter. Royal Bank of Canada had a return on equity of 17.97% and a net margin of 28.54%. On average, equities analysts predict that Royal Bank of Canada will post 8.84 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Tuesday, July 26th will be issued a dividend of $0.995 per share. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, July 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.94. Royal Bank of Canada's payout ratio is 43.54%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RY. TD Securities lowered their price target on Royal Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, May 27th. Keefe, Bruyette & Woods lowered shares of Royal Bank of Canada from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from C$132.00 to C$118.00 in a research note on Monday, August 8th. National Bank Financial increased their target price on shares of Royal Bank of Canada from C$147.00 to C$148.00 in a research report on Friday, May 27th. BMO Capital Markets cut their price target on shares of Royal Bank of Canada from C$142.00 to C$140.00 in a report on Friday, May 27th. Finally, Argus increased their target price on shares of Royal Bank of Canada from $121.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, June 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada has an average rating of "Hold" and an average target price of $142.13.