NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$102.38

+0.19 (+0.19 %)

(As of 06/22/2021 12:00 AM ET)

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Today's Range

$101.36

▼

$102.59

50-Day Range

$92.46

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$104.67

52-Week Range

$66.41

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$104.92

Volume723,132 shs

Average Volume1.23 million shs

Market Capitalization$145.86 billion

P/E Ratio13.54

Dividend Yield3.32%

Beta0.98

30 days | 90 days | 365 days | Advanced Chart

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About Royal Bank of Canada

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, 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 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. Its 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. The company's 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. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.

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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
Employees83,842
Year Founded1864

Sales & Book Value

Annual Sales$45.54 billion
Price / Sales3.20
Cash Flow$7.38 per share
Price / Cash Flow13.88
Book Value$47.75 per share
Price / Book2.14

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,424,681,000
Market Cap$145.86 billion
Next Earnings Date8/25/2021 (Estimated)
OptionableOptionable

Social Links

MarketRank^™

Overall MarketRank^™

2.01 out of 5 stars

Finance Sector

204th out of 1,980 stocks

Commercial Banks, Not Elsewhere Classified Industry

4th out of 73 stocks

3.4 Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $126.39, Royal Bank of Canada has a forecasted upside of 23.5% from its current price of $102.38.
Amount of Analyst Coverage
Royal Bank of Canada has been the subject of 5 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 618 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Royal Bank of Canada has received 820 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Royal Bank of Canada has received 57.02% “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.

2.5 Dividend Strength

Dividend Yield
Royal Bank of Canada pays a meaningful dividend of 3.32%, higher than the bottom 25% of all stocks that pay dividends.
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 57.17%. 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 38.39% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

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
43.37% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to decrease by -0.90% in the coming year, from $8.91 to $8.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 13.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 13.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.73.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.16. 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 2.14. 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

Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

Is Royal Bank of Canada a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada or view top-rated stocks.

What stocks does MarketBeat like better than Royal Bank of Canada?

Wall Street analysts have given Royal Bank of Canada a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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, August 25th 2021.
View our earnings forecast for Royal Bank of Canada.

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) announced its earnings results on Wednesday, May, 26th. The financial services provider reported $2.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.80. Royal Bank of Canada had a net margin of 24.73% and a trailing twelve-month return on equity of 17.77%. During the same period in the prior year, the firm earned $1.00 earnings per share.
View Royal Bank of Canada's earnings history.

How has Royal Bank of Canada's stock 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 (WHO). Since then, RY stock has increased by 60.2% and is now trading at $102.38.
View which stocks have been most impacted by COVID-19.

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 Friday, May 28th. Investors of record on Monday, July 26th will be paid a dividend of $0.8915 per share on Tuesday, August 24th. This represents a $3.57 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, July 23rd. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.86.
View Royal Bank of Canada's dividend history.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada pays an annual dividend of $3.39 per share and currently has a dividend yield of 3.32%. Royal Bank of Canada does not yet have a strong track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 57.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 38.39% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

12 analysts have issued 1 year target prices for Royal Bank of Canada's shares. Their forecasts range from $100.00 to $140.00. On average, they expect Royal Bank of Canada's stock price to reach $126.39 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
View analysts' price targets for Royal Bank of Canada or view top-rated stocks among Wall Street analysts.

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the following people:

Mr. David I. McKay A.C.A., Pres, CEO & Director (Age 58, Pay $3.44M)
Mr. Rod Bolger, Chief Financial Officer
Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance and Investor & Treasury Services
Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
Mr. Bruce Ross, Group Head of Technology & Operations
Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
Mr. Christoph Knoess, Chief Admin. & Strategy Officer
Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
Mr. David Onorato, Gen. Counsel
Ms. Amy Cairncross, Sr. VP of Communications

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), Commonwealth Bank of Australia (CMWAY), The Toronto-Dominion Bank (TD), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Bank of Montreal (BMO), Australia and New Zealand Banking Group (ANZBY), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), Sumitomo Mitsui Financial Group (SMFG), Lloyds Banking Group (LYG) and Nordea Bank Abp (NRDBY).
View all of RY's 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 The Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), The Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and The 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 a number of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.13%), FIL Ltd (2.10%), Bank of Nova Scotia (1.39%), CIBC Asset Management Inc (1.12%), Toronto Dominion Bank (0.99%) and The Manufacturers Life Insurance Company (0.83%).

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 Great West Life Assurance Co. Can, Toronto Dominion Bank, Bank of Nova Scotia, Healthcare of Ontario Pension Plan Trust Fund, Alberta Investment Management Corp, Ensign Peak Advisors Inc, APG Asset Management N.V., and Letko Brosseau & Associates Inc..

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, The Manufacturers Life Insurance Company, Man Group plc, Canada Pension Plan Investment Board, Russell Investments Group Ltd., BlackRock Inc., FIL Ltd, and CIBC Asset Management Inc.

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 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 $102.38.

How much money does Royal Bank of Canada make?

Royal Bank of Canada has a market capitalization of $145.86 billion and generates $45.54 billion in revenue each year. The financial services provider earns $8.50 billion in net income (profit) each year or $5.93 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 83,842 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?

The following companies are subsidiares of Royal Bank of Canada: BlueBay Asset Management, BlueBay Asset Management (Services) Ltd, Capital Funding Alberta Limited, City Holding, City National Corporation, Investment Holdings (Cayman) Limited, Mourant Private Wealth, R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Bank (Georgia) National Association, RBC Capital Markets LLC, RBC Capital Trust, RBC Caribbean Investments Limited, RBC Covered Bond Guarantor Limited Partnership, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Finance S.à r.l./B.V., RBC Financial (Caribbean) Limited, RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management Inc., RBC Holdings (Barbados) Ltd., RBC Holdings (Channel Islands) Limited, RBC Holdings (Luxembourg) S.A R.L., RBC Insurance Company of Canada, RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC Phillips Hager & North Investment Counsel Inc., RBC USA Holdco Corporation, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada (Channel Islands) Limited, Royal Bank of Canada Insurance Company Ltd., Royal Mutual Funds Inc., Royal Trust Corporation of Canada, The Royal Trust Company, and WayPay.

When was Royal Bank of Canada founded?

Royal Bank of Canada was founded in 1864.

What is Royal Bank of Canada's official website?

The official website for Royal Bank of Canada is www.rbc.com.

Where are Royal Bank of Canada's headquarters?

Royal Bank of Canada is headquartered at 200 BAY STREET, TORONTO A6, M5J2J5.

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 6/23/2021 by MarketBeat.com Staff

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