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NYSE:RY

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

$102.45
-0.64 (-0.62%)
(As of 02/6/2023 02:03 PM ET)
Add
Compare
Today's Range
$101.76
▼
$102.83
50-Day Range
$92.81
▼
$103.09
52-Week Range
$83.63
▼
$116.84
Volume
231,841 shs
Average Volume
927,881 shs
Market Capitalization
$141.97 billion
P/E Ratio
11.91
Dividend Yield
3.77%
Price Target
$140.09

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
36.8% Upside
$140.09 Price Target
Short Interest
Bearish
1.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.23mentions of Royal Bank of Canada in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.02%
From $8.65 to $9.43 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Finance Sector

146th out of 850 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 30 stocks

See Top Rated MarketRank™ Stocks Here
RY stock logo

About Royal Bank of Canada (NYSE:RY) Stock

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded

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RY Stock News Headlines

February 3, 2023 | marketbeat.com
Zimmer Biomet Beats on Earnings, Growth May be Priced In (RY)
Zimmer Biomet stock is gaining after beating expectations. However, ZBH stock was fairly valued before earnings meaning investors may need to wait on analysts
February 6, 2023 | finance.yahoo.com
Royal Bank of Canada announces reporting segment realignment
February 6, 2023 | Wall Street Watch Dogs (Ad)
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
February 3, 2023 | investing.com
RBC Capital Downgrades Spirit AeroSystems to Sector Perform
February 2, 2023 | finance.yahoo.com
Oil Set for Weekly Loss as China Optimism Dims, Stockpiles Swell
February 2, 2023 | investing.com
RBC Capital Upgrades O-I Glass Inc. to Outperform
January 31, 2023 | marketwatch.com
Royal Bank of Canada stock rises Tuesday, still underperforms market
January 31, 2023 | investing.com
Serco Group PLC PT Lowered to GBP1.90 at RBC Capital
February 6, 2023 | Investing Trends (Ad)
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
January 31, 2023 | investing.com
OZ Minerals PT Lowered to AUD26.50 at RBC Capital
January 31, 2023 | investing.com
EML Payments Ltd PT Lowered to AUD0.75 at RBC Capital
January 31, 2023 | investing.com
RBC Capital Starts Chesnara PLC (CSN:LN) at Outperform
January 30, 2023 | investing.com
Goldman Sachs restructures Russian business -RBC, citing sources
January 26, 2023 | finance.yahoo.com
Canada expected to buck trend of big investment banking layoffs
January 25, 2023 | finance.yahoo.com
Australia’s Accelerating Inflation Boosts RBA Rate-Hike Bets
January 23, 2023 | marketwatch.com
In One Chart: S&P 500’s softening earnings backdrop is a challenge for stocks in ‘very near term,’ says RBC
January 23, 2023 | benzinga.com
Wayfair Stock Is Rallying Today: What's Going On?
January 20, 2023 | benzinga.com
KeyBanc Initiates Coverage On Wayfair Amid Weakening Consumer Spending
January 20, 2023 | benzinga.com
Royal Bank of Canada: Dividend Insights
January 17, 2023 | finance.yahoo.com
RBC iShares expands suite of actively managed solutions with the launch of two new covered call ETFs
January 17, 2023 | investing.com
ITM Power PLC PT Lowered to GBP2.60 at RBC Capital
January 12, 2023 | finance.yahoo.com
UPDATE 3-RBC's City National Bank settles U.S. redlining claims in Los Angeles
January 12, 2023 | finance.yahoo.com
RBC renews commitment to the MVP Project in support of emerging Canadian recording artists and filmmakers
January 9, 2023 | seekingalpha.com
Royal Bank of Canada (RY) RBC Capital Markets Canadian Bank CEO Conference - (Transcript)
January 5, 2023 | finance.yahoo.com
Dave McKay of RBC to Speak at RBC Capital Markets 2023 Canadian Bank CEO Conference
January 4, 2023 | 247wallst.com
First Look Analysts Research Calls for Wednesday, January 4
January 4, 2023 | 247wallst.com
First Look Analysts Research Calls for Wednesday, January 4
See More Headlines
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RY Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2022
Dividend Payable
11/24/2022
Last Earnings
11/30/2022
Ex-Dividend for 2/24 Dividend
1/25/2023
Today
2/06/2023
Next Earnings (Estimated)
2/23/2023
Dividend Payable
2/24/2023
Fiscal Year End
10/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:RY
CUSIP
N/A
CIK
1000275
Web
www.rbc.com
Phone
(888) 212-5533
Fax
416-955-7800
Employees
91,427
Year Founded
1896

Price Target and Rating

Average Stock Price Forecast
$140.09
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+36.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.60
Trailing P/E Ratio
11.91
Forward P/E Ratio
11.84
P/E Growth
1.81
Net Income
$12.27 billion
Net Margins
23.66%
Pretax Margin
30.00%
Return on Equity
16.33%
Return on Assets
0.86%

Debt

Debt-to-Equity Ratio
0.10
Current Ratio
0.88
Quick Ratio
0.88

Sales & Book Value

Annual Sales
$48.78 billion
Price / Sales
2.91
Cash Flow
$10.38 per share
Price / Cash Flow
9.87
Book Value
$56.54 per share
Price / Book
1.81

Miscellaneous

Outstanding Shares
1,385,789,000
Free Float
N/A
Market Cap
$141.97 billion
Optionable
Optionable
Beta
0.85

Social Links


Key Executives

  • David Ian McKay
    President, Chief Executive Officer & Director
  • Bruce Ross
    Group Head-Technology & Operations
  • Nadine Ahn
    Chief Financial Officer
  • Foteini Agrafioti
    Chief Science Officer
  • William Onuwa
    Chief Audit Executive & Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













RY Stock - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RY shares.
View RY analyst ratings or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2023?

9 brokers have issued 1-year 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 stock price to reach $140.09 in the next year. This suggests a possible upside of 37.6% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2023?

Royal Bank of Canada's stock was trading at $94.02 at the beginning of 2023. Since then, RY shares have increased by 8.3% and is now trading at $101.84.
View the best growth stocks for 2023 here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 16,700,000 shares, a drop of 16.8% from the December 15th total of 20,080,000 shares. Based on an average daily volume of 876,400 shares, the short-interest ratio is presently 19.1 days. Approximately 1.2% of the company's stock are short sold.
View Royal Bank of Canada's Short Interest.

When is Royal Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RY earnings forecast.

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

Royal Bank of Canada (NYSE:RY) released its quarterly earnings results on Wednesday, November, 30th. The financial services provider reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.07. The financial services provider earned $9.44 billion during the quarter. Royal Bank of Canada had a net margin of 23.66% and a trailing twelve-month return on equity of 16.33%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada announced a quarterly dividend on Wednesday, November 30th. Investors of record on Thursday, January 26th will be given a dividend of $0.9832 per share on Friday, February 24th. This represents a $3.93 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, January 25th.
Read our dividend analysis for RY.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.89 per share and currently has a dividend yield of 3.77%. The dividend payout ratio is 45.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 41.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

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 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).

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 variety of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (1.25%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Montrusco Bolton Investments Inc. (0.10%), Edmp Inc. (0.09%), Cardinal Capital Management Inc. (0.09%) and DekaBank Deutsche Girozentrale (0.07%).

How do I buy shares of Royal Bank of Canada?

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.
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 $101.84.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $141.13 billion and generates $52.08 billion in revenue each year. The financial services provider earns $12.27 billion in net income (profit) each year or $8.60 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 91,427 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
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How can I contact Royal Bank of Canada?

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.

This page (NYSE:RY) was last updated on 2/6/2023 by MarketBeat.com Staff