NYSE:RY

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

$101.84

+0.97 (+0.96%)

(As of 01/31/2023 12:29 PM ET)

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Today's Range: $100.41
▼
$101.85
50-Day Range: $92.81
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$101.73
52-Week Range: $83.63
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$116.84

Volume: 203,154 shs
Average Volume: 976,083 shs
Market Capitalization: $141.13 billion

P/E Ratio: 11.84
Dividend Yield: 3.85%
Price Target: $140.09

Institutional Ownership

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 38.6% Upside
$140.09 Price Target
Short Interest: Bearish
1.20% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 0.31
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.02%
From $8.65 to $9.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Finance Sector

218th out of 897 stocks

Commercial Banks, Not Elsewhere Classified Industry

12th out of 36 stocks

3.3

Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $140.09, Royal Bank of Canada has a forecasted upside of 38.6% from its current price of $101.08.
Amount of Analyst Coverage
Royal Bank of Canada has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.20% of the float of Royal Bank of Canada has been sold short.
Short Interest Ratio / Days to Cover
Royal Bank of Canada has a short interest ratio ("days to cover") of 17.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Royal Bank of Canada has recently decreased by 0.30%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Royal Bank of Canada is a leading dividend payer. It pays a dividend yield of 3.85%, 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 45.23%. 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 41.25% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Royal Bank of Canada has received a 27.11% net impact score from Upright. Royal Bank of Canada seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Mortgages", "Commercial deposit accounts", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Royal Bank of Canada is -0.43.

2.9

News and Social Media Coverage

News Sentiment
Royal Bank of Canada has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Royal Bank of Canada this week, compared to 6 articles on an average week.
Search Interest
40 people have searched for RY on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
11 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.

0.8

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
41.19% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to grow by 9.02% in the coming year, from $8.65 to $9.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 11.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 11.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 181.18.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.78. 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 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Royal Bank of Canada (NYSE:RY) Stock

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded

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RY Stock News Headlines

January 31, 2023 | investing.com

Serco Group PLC PT Lowered to GBP1.90 at RBC Capital

January 31, 2023 | investing.com

OZ Minerals PT Lowered to AUD26.50 at RBC Capital

January 31, 2023 | Investing Trends (Ad)

GRAPHITE: "Essential for America's National Defense"

Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.

January 31, 2023 | investing.com

EML Payments Ltd PT Lowered to AUD0.75 at RBC Capital

January 31, 2023 | investing.com

RBC Capital Starts Chesnara PLC (CSN:LN) at Outperform

January 30, 2023 | investing.com

Goldman Sachs restructures Russian business -RBC, citing sources

January 26, 2023 | finance.yahoo.com

Canada expected to buck trend of big investment banking layoffs

January 25, 2023 | finance.yahoo.com

Australia’s Accelerating Inflation Boosts RBA Rate-Hike Bets

January 31, 2023 | Investing Trends (Ad)

GRAPHITE: "Essential for America's National Defense"

January 23, 2023 | marketwatch.com

In One Chart: S&P 500’s softening earnings backdrop is a challenge for stocks in ‘very near term,’ says RBC

January 23, 2023 | benzinga.com

Wayfair Stock Is Rallying Today: What's Going On?

January 20, 2023 | benzinga.com

KeyBanc Initiates Coverage On Wayfair Amid Weakening Consumer Spending

January 20, 2023 | benzinga.com

Royal Bank of Canada: Dividend Insights

January 17, 2023 | finance.yahoo.com

RBC iShares expands suite of actively managed solutions with the launch of two new covered call ETFs

January 17, 2023 | investing.com

ITM Power PLC PT Lowered to GBP2.60 at RBC Capital

January 12, 2023 | finance.yahoo.com

UPDATE 3-RBC's City National Bank settles U.S. redlining claims in Los Angeles

January 12, 2023 | finance.yahoo.com

RBC renews commitment to the MVP Project in support of emerging Canadian recording artists and filmmakers

January 9, 2023 | seekingalpha.com

Royal Bank of Canada (RY) RBC Capital Markets Canadian Bank CEO Conference - (Transcript)

January 5, 2023 | finance.yahoo.com

Dave McKay of RBC to Speak at RBC Capital Markets 2023 Canadian Bank CEO Conference

January 4, 2023 | 247wallst.com

First Look Analysts Research Calls for Wednesday, January 4

January 4, 2023 | 247wallst.com

First Look Analysts Research Calls for Wednesday, January 4

December 30, 2022 | uk.finance.yahoo.com

What to expect from the pound in 2023

December 26, 2022 | theglobeandmail.com

Review of RBC's $13.5B takeover of HSBC Canada shows limits to system: critics

December 26, 2022 | theglobeandmail.com

Review of RBC’s $13.5-billion takeover of HSBC Canada shows limits to system, critics say

December 23, 2022 | finance.yahoo.com

RBC Global Asset Management Inc. revises ETF Distributions for RBC Short Term U.S. Corporate Bond ETF (RUSB) and RBC Short Term U.S. Corporate Bond ETF (USD Units)* (RUSB.U)

December 21, 2022 | investing.com

RBC Capital Starts Brookfield Asset Management at Outperform

December 21, 2022 | benzinga.com

RBC Capital, Credit Suisse Boost Price Targets On General Mills Following Q2 Earnings, But This Analyst Slashes PT

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RY Company Calendar

Ex-Dividend for 11/24 Dividend: 10/25/2022
Dividend Payable: 11/24/2022
Last Earnings: 11/30/2022
Ex-Dividend for 2/24 Dividend: 1/25/2023
Today: 1/31/2023
Next Earnings (Estimated): 2/23/2023
Dividend Payable: 2/24/2023
Fiscal Year End: 10/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:RY
CUSIP: N/A
CIK: 1000275
Web: www.rbc.com
Phone: (888) 212-5533
Fax: 416-955-7800
Employees: 91,427
Year Founded: 1896

Price Target and Rating

Average Stock Price Forecast: $140.09
High Stock Price Forecast: $150.00
Low Stock Price Forecast: $118.00
Forecasted Upside/Downside: +37.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.60
Trailing P/E Ratio: 11.84
Forward P/E Ratio: 11.77
P/E Growth: 1.78
Net Income: $12.27 billion
Net Margins: 23.66%
Pretax Margin: 30.00%
Return on Equity: 16.33%
Return on Assets: 0.86%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.88
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $52.08 billion
Price / Sales: 2.71
Cash Flow: $10.52 per share
Price / Cash Flow: 9.68
Book Value: $56.54 per share
Price / Book: 1.80

Miscellaneous

Outstanding Shares: 1,385,790,000
Free Float: N/A
Market Cap: $141.13 billion
Optionable: Optionable
Beta: 0.84

Social Links

Key Executives

David Ian McKay
President, Chief Executive Officer & Director

Bruce Ross
Group Head-Technology & Operations

Nadine Ahn
Chief Financial Officer

Foteini Agrafioti
Chief Science Officer

William Onuwa
Chief Audit Executive & Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

RY Stock - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RY shares.
View RY analyst ratings or view top-rated stocks.
What is Royal Bank of Canada's stock price forecast for 2023?: 9 brokerages have issued 12 month price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from $118.00 to $150.00. On average, they predict the company's share price to reach $140.09 in the next twelve months. This suggests a possible upside of 38.9% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.
How have RY shares performed in 2023?: Royal Bank of Canada's stock was trading at $94.02 at the beginning of 2023. Since then, RY stock has increased by 7.3% and is now trading at $100.87.
View the best growth stocks for 2023 here.
Are investors shorting Royal Bank of Canada?: Royal Bank of Canada saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 16,700,000 shares, a decrease of 16.8% from the December 15th total of 20,080,000 shares. Based on an average trading volume of 876,400 shares, the days-to-cover ratio is presently 19.1 days. Currently, 1.2% of the shares of the stock are sold short.
View Royal Bank of Canada's Short Interest.
When is Royal Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RY earnings forecast.
How were Royal Bank of Canada's earnings last quarter?: Royal Bank of Canada (NYSE:RY) announced its earnings results on Wednesday, November, 30th. The financial services provider reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.07. The financial services provider earned $9.44 billion during the quarter. Royal Bank of Canada had a net margin of 23.66% and a trailing twelve-month return on equity of 16.33%.
How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?: Royal Bank of Canada declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Thursday, January 26th will be given a dividend of $0.9832 per share on Friday, February 24th. This represents a $3.93 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, January 25th.
Read our dividend analysis for RY.
Is Royal Bank of Canada a good dividend stock?: Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.89 per share and currently has a dividend yield of 3.85%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 41.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

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), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).
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 many different retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (1.25%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Montrusco Bolton Investments Inc. (0.10%), Addenda Capital Inc. (0.06%), Value Partners Investments Inc. (0.05%) and QV Investors Inc. (0.05%).
How do I buy shares of Royal Bank of Canada?: Shares of RY stock 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.
Compare Top Brokerages Here.
What is Royal Bank of Canada's stock price today?: One share of RY stock can currently be purchased for approximately $100.87.
How much money does Royal Bank of Canada make?: Royal Bank of Canada (NYSE:RY) has a market capitalization of $139.78 billion and generates $52.08 billion in revenue each year. The financial services provider earns $12.27 billion in net income (profit) each year or $8.60 on an earnings per share basis.
How many employees does Royal Bank of Canada have?: The company employs 91,427 workers across the globe.
Does Royal Bank of Canada have any subsidiaries?: The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
Read More
How can I contact Royal Bank of Canada?: Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at (888) 212-5533, via email at invesrel@rbc.com, or via fax at 416-955-7800.

This page (NYSE:RY) was last updated on 1/31/2023 by MarketBeat.com Staff

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

Royal Bank of Canada MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Royal Bank of Canada (NYSE:RY) Stock

RY Stock News Headlines

RY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

RY Stock - Frequently Asked Questions

Overall MarketRank^™