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

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.

Wall Street Analyst Weigh In

Several analysts have commented on RY shares. Scotiabank decreased their target price on shares of Royal Bank of Canada from C$150.00 to C$147.00 in a research report on Friday, May 20th. TD Securities decreased their target price on shares of Royal Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, May 27th. National Bank Financial upped their price objective on shares of Royal Bank of Canada from C$147.00 to C$148.00 in a report on Friday, May 27th. BMO Capital Markets decreased their price objective on shares of Royal Bank of Canada from C$142.00 to C$140.00 in a report on Friday, May 27th. Finally, Keefe, Bruyette & Woods downgraded shares of Royal Bank of Canada from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from C$132.00 to C$118.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada has a consensus rating of "Hold" and an average price target of $142.12.

Royal Bank of Canada Price Performance

Shares of Royal Bank of Canada stock opened at $99.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.88 and a quick ratio of 0.88. Royal Bank of Canada has a fifty-two week low of $90.75 and a fifty-two week high of $119.41. The firm has a fifty day moving average price of $97.66 and a two-hundred day moving average price of $104.38. The company has a market cap of $138.54 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87.

Royal Bank of Canada (NYSE:RY - Get Rating) (TSE:RY) last issued its quarterly earnings results on Thursday, May 26th. The financial services provider reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.28. Royal Bank of Canada had a net margin of 28.54% and a return on equity of 17.97%. The firm had revenue of $8.86 billion during the quarter. Analysts expect that Royal Bank of Canada will post 8.86 EPS for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Tuesday, July 26th will be paid a $0.995 dividend. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.94. The ex-dividend date is Monday, July 25th. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.01%. Royal Bank of Canada's dividend payout ratio is currently 43.54%.