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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RY shares.
View RY analyst ratings or view top-rated stocks.

11 brokerages have issued 12-month target prices for Royal Bank of Canada's stock. Their RY share price forecasts range from $118.00 to $150.00. On average, they predict the company's share price to reach $140.33 in the next year. This suggests a possible upside of 40.0% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

Royal Bank of Canada's stock was trading at $106.14 on January 1st, 2022. Since then, RY shares have decreased by 5.5% and is now trading at $100.26.
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Royal Bank of Canada saw a drop in short interest in November. As of November 15th, there was short interest totaling 23,610,000 shares, a drop of 27.1% from the October 31st total of 32,380,000 shares. Based on an average trading volume of 751,500 shares, the days-to-cover ratio is presently 31.4 days. Currently, 1.7% of the shares of the company are short sold.
View Royal Bank of Canada's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our RY earnings forecast.

Royal Bank of Canada (NYSE:RY) announced its earnings results on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to analysts' expectations of $11.86 billion. Royal Bank of Canada had a net margin of 26.29% and a trailing twelve-month return on equity of 16.85%. During the same period in the prior year, the firm earned $2.20 earnings per share.

Royal Bank of Canada announced a quarterly dividend on Wednesday, November 30th. Investors of record on Thursday, January 26th will be paid a dividend of $0.9832 per share on Friday, February 24th. This represents a $3.93 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, January 25th.
Read our dividend analysis for RY.

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.70 per share and currently has a dividend yield of 3.71%. The dividend payout ratio is 42.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 42.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

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).

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 Vanguard Group Inc. (3.65%), TD Asset Management Inc. (2.02%), Mackenzie Financial Corp (2.00%), Toronto Dominion Bank (1.33%), CIBC Asset Management Inc (0.91%) and Beutel Goodman & Co Ltd. (0.80%).

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.
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One share of RY stock can currently be purchased for approximately $100.26.

Royal Bank of Canada (NYSE:RY) has a market capitalization of $138.98 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $8.67 on an earnings per share basis.

The company employs 85,301 workers across the globe.

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.