NYSE:RY

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

$90.04

-0.80 (-0.88%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $89.80
▼
$91.84
50-Day Range: $89.57
▼
$100.70
52-Week Range: $89.18
▼
$119.41

Volume: 912,946 shs
Average Volume: 669,887 shs
Market Capitalization: $125.41 billion

P/E Ratio: 10.39
Dividend Yield: 4.38%
Price Target: $139.71

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating: Hold
2.42 Rating Score
Upside/Downside: 55.2% Upside
$139.71 Price Target
Short Interest: Bearish
0.93% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 0.13
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.21%
From $8.53 to $9.06 Per Share

Overall MarketRank^™

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

2.33 out of 5 stars

Finance Sector

596th out of 926 stocks

Commercial Banks, Not Elsewhere Classified Industry

30th out of 36 stocks

3.2

Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 7 buy ratings, 3 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $139.71, Royal Bank of Canada has a forecasted upside of 55.2% from its current price of $90.04.
Amount of Analyst Coverage
Royal Bank of Canada has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.93% of the float of Royal Bank of Canada has been sold short.
Short Interest Ratio / Days to Cover
Royal Bank of Canada has a short interest ratio ("days to cover") of 16.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Royal Bank of Canada has recently increased by 3.33%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Royal Bank of Canada is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Royal Bank of Canada has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 45.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 43.93% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Royal Bank of Canada has received a 27.11% net impact score from Upright. Royal Bank of Canada seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Mortgages", "Commercial deposit accounts", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Royal Bank of Canada is -0.43.

1.7

News and Social Media Coverage

News Sentiment
Royal Bank of Canada has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Royal Bank of Canada this week, compared to 6 articles on an average week.
Search Interest
Only 49 people have searched for RY on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Royal Bank of Canada insiders have not sold or bought any company stock.
Percentage Held by Institutions
40.46% of the stock of Royal Bank of Canada is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to grow by 6.21% in the coming year, from $8.53 to $9.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 10.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 10.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.92.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Royal Bank of Canada has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Royal Bank of Canada (NYSE:RY) Stock

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

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RY Stock News Headlines

September 28, 2022 | msn.com

Should You Buy Royal Bank Stock at Current Levels?

September 28, 2022 | finance.yahoo.com

RBC collaborates with METRO Inc. as a key loyalty partner to deliver greater everyday value to Quebec consumers

September 27, 2022 | finance.yahoo.com

Almost half of Canadians are worried about being a victim of cybercrime in the coming year: New RBC Cyber Security Poll

September 26, 2022 | finance.yahoo.com

Pound Bounces From Record, Traders Turn Sights to BOE

September 25, 2022 | finance.yahoo.com

RBC announces $250,000 donation to support immediate Hurricane Fiona relief efforts

September 23, 2022 | msn.com

RRSP Investors: Should You Buy Royal Bank Stock or Enbridge Stock Now?

September 20, 2022 | investing.com

Humana PT Raised to $544 at RBC Capital

September 15, 2022 | finance.yahoo.com

RBC Global Asset Management Inc. announces RBC ETF cash distributions for September 2022

September 14, 2022 | marketwatch.com

RBC Bearings downgraded to underperform from neutral at BofA Securities

September 13, 2022 | finance.yahoo.com

RBC takes loyalty to the next level with Avion Rewards

September 13, 2022 | finance.yahoo.com

Russia Energy Revenue Drops to 14-Month Low on Sanctions Fallout