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 Trading Down 0.7 %

Shares of RY Stock opened at $99.54 on Tuesday. The firm has a market capitalization of $138.82 billion, a P/E ratio of 10.89, a P/E/G ratio of 2.21 and a beta of 0.87. Royal Bank of Canada has a twelve month low of $90.75 and a twelve month high of $119.41. The stock's fifty day simple moving average is $97.33 and its 200 day simple moving average is $104.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada (NYSE:RY - Get Rating) (TSE:RY) last announced its earnings results on Thursday, May 26th. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts predict that Royal Bank of Canada will post 8.84 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Tuesday, July 26th will be issued a dividend of $0.995 per share. The ex-dividend date is Monday, July 25th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $0.94. This represents a $3.98 annualized dividend and a yield of 4.00%. Royal Bank of Canada's payout ratio is presently 43.54%.

Analysts Set New Price Targets

RY has been the subject of several research reports. BMO Capital Markets dropped their price target on Royal Bank of Canada from C$142.00 to C$140.00 in a report on Friday, May 27th. National Bank Financial raised their price objective on Royal Bank of Canada from C$147.00 to C$148.00 in a research note on Friday, May 27th. Argus raised their price objective on Royal Bank of Canada from $121.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, June 6th. StockNews.com upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, July 1st. Finally, Scotiabank decreased their price target on Royal Bank of Canada from C$150.00 to C$147.00 in a research note on Friday, May 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $142.13.