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NYSE:RY

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

$92.66
-0.60 (-0.64%)
(As of 03/23/2023 04:32 PM ET)
Add
Compare
Today's Range
$92.21
▼
$94.65
50-Day Range
$92.65
▼
$104.14
52-Week Range
$83.63
▼
$113.67
Volume
816,376 shs
Average Volume
905,951 shs
Market Capitalization
$128.41 billion
P/E Ratio
11.51
Dividend Yield
4.20%
Price Target
$139.50

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
50.7% Upside
$139.50 Price Target
Short Interest
Healthy
0.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.60mentions of Royal Bank of Canada in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.50%
From $8.67 to $9.32 Per Share

Overall MarketRank™

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

2.83 out of 5 stars

Finance Sector

220th out of 876 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 35 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

March 8, 2023 | marketbeat.com
Should You Park Some Capital with Casey’s General Stores? (RY)
Casey’s General Stores stock is up nearly 5% after posting stronger-than-expected earnings and analysts are becoming more bullish on the stock
March 6, 2023 | marketbeat.com
3 Canadian Banks That Just Increased Their Dividends (RY)
Three of the largest Canadian banks, the Royal Bank of Canada, the Bank of Montreal, and the Bank of Novia Scotia all raised their dividends recently.
March 23, 2023 | Investor Place Media (Ad)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
March 22, 2023 | finance.yahoo.com
Neil McLaughlin of RBC to speak at National Bank Financial's 21st Annual Financial Services Conference
March 22, 2023 | seekingalpha.com
Royal Bank of Canada: A Defensive Pick Amid This Banking Crisis
March 21, 2023 | ca.finance.yahoo.com
What’s Next for Royal Bank of Canada Stock?
March 21, 2023 | finance.yahoo.com
UPDATE 2-Canadian lender RBC increases work-from-office time as COVID ebbs
March 20, 2023 | finance.yahoo.com
Credit Suisse ECM Bankers Leave for Wells, RBC Ahead of UBS Deal
March 23, 2023 | Investor Place Media (Ad)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
March 18, 2023 | americanbankingnews.com
Royal Bank of Canada (NYSE:RY) Downgraded by StockNews.com
March 17, 2023 | finance.yahoo.com
RBC Global Asset Management Inc. announces RBC ETF cash distributions for March 2023
March 14, 2023 | msn.com
Could Royal Bank Stock Be a Big Winner in 2023?
March 13, 2023 | seekingalpha.com
PNC, RBC not to bid for Silicon Valley Bank - report
March 12, 2023 | investing.com
Exclusive-PNC, RBC interest in SVB cools as regulators seek rescue bids
March 9, 2023 | finance.yahoo.com
Vanguard Says Erdogan Loss Would Make Turkey Bonds Loved Again
March 8, 2023 | finance.yahoo.com
RBC iShares launches eight new ETF Series of RBC Funds, expanding lineup of actively managed solutions
March 6, 2023 | seekingalpha.com
RBC Bearings: Performance Continues, But Shares Aren't Cheap Enough
March 3, 2023 | finance.yahoo.com
Nadine Ahn of RBC to speak at the 2023 RBC Capital Markets Financial Institutions Conference
March 3, 2023 | finance.yahoo.com
UAE Officials Deny Report They’re Considering Quitting OPEC
March 2, 2023 | msn.com
Royal Bank of Canada (RY) Declares $1.32 Dividend
March 2, 2023 | 247wallst.com
First Look Analysts Research Calls for Thursday, March 2
February 27, 2023 | theglobeandmail.com
Royal Bank of Canada:Stocks Analysts Recently Upgraded on TSX (RY)
February 27, 2023 | msn.com
Should You Buy Royal Bank of Canada Stock in This Uncertain Market?
February 27, 2023 | finance.yahoo.com
Canaccord’s Directors Hire Barclays as LBO Runs Into Headwinds
February 24, 2023 | benzinga.com
Altair Engineering Likely For Multiple Expansion Backed By Business Resilience, Expanding Margins, Analyst Says
February 24, 2023 | finance.yahoo.com
Royal Bank of Canada's (TSE:RY) largest shareholders are individual investors with 53% ownership, institutions own 47%
February 23, 2023 | investing.com
RBC Capital Reiterates Outperform Rating on Conduit Holdings Ltd
See More Headlines
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RY Company Calendar

Last Earnings
8/24/2021
Ex-Dividend for 2/24 Dividend
1/25/2023
Dividend Payable
2/24/2023
Today
3/23/2023
Next Earnings (Estimated)
5/25/2023
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
$139.50
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+50.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.05
Trailing P/E Ratio
11.51
Forward P/E Ratio
10.69
P/E Growth
1.64
Net Income
$12.27 billion
Net Margins
18.77%
Pretax Margin
25.19%
Return on Equity
16.17%
Return on Assets
0.85%

Debt

Debt-to-Equity Ratio
0.11
Current Ratio
0.89
Quick Ratio
0.89

Sales & Book Value

Annual Sales
$52.08 billion
Price / Sales
2.47
Cash Flow
$10.28 per share
Price / Cash Flow
9.01
Book Value
$53.84 per share
Price / Book
1.72

Miscellaneous

Outstanding Shares
1,385,860,000
Free Float
N/A
Market Cap
$128.41 billion
Optionable
Optionable
Beta
0.84

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

Institutional Ownership

View All Institutional Transactions













RY Stock - Frequently Asked Questions

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

7 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 2 hold ratings and 5 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.

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

7 Wall Street research analysts 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 expect the company's share price to reach $139.50 in the next year. This suggests a possible upside of 49.6% 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 the year. Since then, RY shares have decreased by 0.8% and is now trading at $93.26.
View the best growth stocks for 2023 here.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decline in short interest in February. As of February 28th, there was short interest totaling 11,160,000 shares, a decline of 25.9% from the February 13th total of 15,070,000 shares. Based on an average daily volume of 912,700 shares, the days-to-cover ratio is currently 12.2 days. Currently, 0.8% of the company's shares 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, May 25th 2023.
View our RY earnings forecast.

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

Royal Bank of Canada (NYSE:RY) announced its quarterly earnings data on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share 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 trailing twelve-month return on equity of 16.17% and a net margin of 18.77%. During the same period last year, the company posted $2.20 earnings per share.

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 Wednesday, March 1st. Stockholders of record on Tuesday, April 25th will be given a dividend of $0.992 per share on Wednesday, May 24th. This represents a $3.97 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, April 24th. This is a boost from the stock's previous quarterly dividend of $0.98.
Read our dividend analysis for RY.

What ETF holds Royal Bank of Canada's stock ?

iShares GSCI Commodity Dynamic Roll Strategy ETF holds 10,000,000 shares of RY stock, representing 1.06% of its portfolio.

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 4.13%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 41.74% 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 number of retail and institutional investors. Top institutional investors include TD Asset Management Inc (1.99%), Mackenzie Financial Corp (1.95%), Bank of Nova Scotia (1.74%), Toronto Dominion Bank (1.38%), 1832 Asset Management L.P. (1.33%) and National Bank of Canada FI (1.25%).

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 $93.26.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $129.25 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 $8.05 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, Brewin Dolphin, 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..
Read More
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 3/23/2023 by MarketBeat.com Staff