Royal Bank of Canada Stock Forecast, Price & News

12 Wall Street 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 analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada or view top-rated stocks.

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Royal Bank of Canada saw a decline in short interest in the month of August. As of August 13th, there was short interest totaling 3,680,000 shares, a decline of 20.7% from the July 29th total of 4,640,000 shares. Based on an average trading volume of 960,800 shares, the days-to-cover ratio is currently 3.8 days.
View Royal Bank of Canada's Short Interest.

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, December 1st 2021.
View our earnings forecast for Royal Bank of Canada.

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 the Thomson Reuters' consensus estimate of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to the consensus estimate of $11.86 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 18.54% and a net margin of 27.06%. During the same period last year, the firm earned $2.20 EPS.
View Royal Bank of Canada's earnings history.

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RY shares have increased by 53.1% and is now trading at $97.84.
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Royal Bank of Canada announced a quarterly dividend on Thursday, August 26th. Shareholders of record on Tuesday, October 26th will be paid a dividend of $0.858 per share on Wednesday, November 24th. This represents a $3.43 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Monday, October 25th.
View Royal Bank of Canada's dividend history.

Royal Bank of Canada pays an annual dividend of $3.48 per share and currently has a dividend yield of 3.54%. 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 58.68%. 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 40.14% 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.

12 analysts have issued 12 month target prices for Royal Bank of Canada's stock. Their forecasts range from $100.00 to $148.00. On average, they anticipate Royal Bank of Canada's stock price to reach $135.89 in the next year. This suggests a possible upside of 38.9% from the stock's current price.
View analysts' price targets for Royal Bank of Canada or view top-rated stocks among Wall Street analysts.

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Commonwealth Bank of Australia (CMWAY), The Toronto-Dominion Bank (TD), Mitsubishi UFJ Financial Group (MUFG), BNP Paribas (BNPQY), Westpac Banking (WBK), ICICI Bank (IBN), Bank of Montreal (BMO), Banco Santander (SAN), Australia and New Zealand Banking Group (ANZBY), ING Groep (ING), Canadian Imperial Bank of Commerce (CM), Nordea Bank Abp (NRDBY), Sumitomo Mitsui Financial Group (SMFG) and Banco Bilbao Vizcaya Argentaria (BBVA).
View all of RY's competitors.

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).

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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.12%), Mackenzie Financial Corp (2.08%), Bank of Nova Scotia (1.48%), 1832 Asset Management L.P. (1.23%), FMR LLC (1.16%) and CIBC Asset Management Inc (1.06%).

RY stock was sold by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Canada Pension Plan Investment Board, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Grantham Mayo Van Otterloo & Co. LLC, CIBC Asset Management Inc, Toronto Dominion Bank, Public Sector Pension Investment Board, and Morgan Stanley.

RY stock was acquired by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Man Group plc, 1832 Asset Management L.P., Connor Clark & Lunn Investment Management Ltd., Vanguard Group Inc., GQG Partners LLC, Amundi, and Credit Suisse AG.

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.
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One share of RY stock can currently be purchased for approximately $97.84.

Royal Bank of Canada has a market capitalization of $139.42 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.

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

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.

Royal Bank of Canada was founded in 1864.

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

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

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].