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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RY, but not buy additional shares or sell existing shares.
View RY analyst ratings or view top-rated stocks.

12 brokerages have issued twelve-month price objectives 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 $139.71 in the next twelve months. This suggests a possible upside of 46.7% 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 at the start of the year. Since then, RY stock has decreased by 10.3% and is now trading at $95.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our RY earnings forecast.

Royal Bank of Canada (NYSE:RY) posted its quarterly earnings results on Wednesday, August, 24th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.01. The financial services provider had revenue of $9.43 billion for the quarter. Royal Bank of Canada had a trailing twelve-month return on equity of 16.85% and a net margin of 26.29%.

Royal Bank of Canada announced a quarterly dividend on Wednesday, August 24th. Shareholders of record on Wednesday, October 26th will be paid a dividend of $1.00 per share on Thursday, November 24th. This represents a $4.00 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, October 25th. This is an increase from the stock's previous quarterly dividend of $1.00.
Read our dividend analysis for RY.

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.98 per share and currently has a dividend yield of 4.33%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 43.93% 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 retail and institutional investors. Top institutional shareholders include Rempart Asset Management Inc. (0.01%).

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 $95.21.

Royal Bank of Canada (NYSE:RY) has a market capitalization of $132.61 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.