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NYSE:RY

Royal Bank of Canada Stock Forecast, Price & News

$83.21
+0.29 (+0.35 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$82.87
Now: $83.21▼
$83.54
50-Day Range
$68.48
MA: $74.96▼
$82.92
52-Week Range
$49.55
Now: $83.21▼
$83.54
Volume270,224 shs
Average Volume1.15 million shs
Market Capitalization$118.48 billion
P/E Ratio14.30
Dividend Yield3.91%
Beta0.94
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts, credit cards, mortgages, loans, investment products, payments, international trade, and business advice services. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management provides a suite of advice-based solutions and strategies. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and creditor and business insurance services to individual, business, and group clients through its field sales force, advice centers, and online, as well as through independent insurance advisors and affinity relationships. Its Investor & Treasury Services segment provides asset, cash management, transaction banking, and treasury services to institutional clients; correspondent banking and trade finance services for financial institutions; and short-term funding and liquidity management services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, sale, and trading services for corporations, institutional investors, asset managers, governments, and central banks. The company was founded in 1864 and is headquartered in Toronto, Canada.
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Royal Bank of Canada logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.25 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:RY
Previous Symbol
CUSIPN/A
CIK1000275
Webwww.rbc.com
Phone888-212-5533
Employees83,734

Debt

Debt-to-Equity Ratio0.13
Current Ratio0.86
Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio14.30
Forward P/E Ratio14.65
P/E Growth1.84

Sales & Book Value

Annual Sales$50.86 billion
Price / Sales2.33
Cash Flow$9.00 per share
Price / Cash Flow9.25
Book Value$40.98 per share
Price / Book2.03

Profitability

EPS (Most Recent Fiscal Year)$6.69
Net Income$9.68 billion
Net Margins17.78%
Return on Equity14.86%
Return on Assets0.75%

Miscellaneous

Outstanding Shares1,423,861,000
Market Cap$118.48 billion
Next Earnings Date12/2/2020 (Confirmed)
OptionableOptionable
$83.21
+0.29 (+0.35 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Royal Bank of Canada (NYSE:RY) Frequently Asked Questions

How has Royal Bank of Canada's stock price been impacted by COVID-19 (Coronavirus)?

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RY stock has increased by 30.2% and is now trading at $83.21.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Royal Bank of Canada?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Royal Bank of Canada.

What stocks does MarketBeat like better than Royal Bank of Canada?

Wall Street analysts have given Royal Bank of Canada a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Royal Bank of Canada wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, December 2nd 2020.
View our earnings forecast for Royal Bank of Canada.

How can I listen to Royal Bank of Canada's earnings call?

Royal Bank of Canada will be holding an earnings conference call on Wednesday, December 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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, August 26th. Stockholders of record on Monday, October 26th will be paid a dividend of $0.805 per share on Tuesday, November 24th. This represents a $3.22 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, October 23rd. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.78.
View Royal Bank of Canada's dividend history.

What price target have analysts set for RY?

13 brokerages have issued 12 month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $122.00. On average, they anticipate Royal Bank of Canada's stock price to reach $105.04 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
View analysts' price targets for Royal Bank of Canada.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,780,000 shares, an increase of 14.2% from the October 15th total of 5,060,000 shares. Based on an average daily volume of 747,100 shares, the short-interest ratio is presently 7.7 days. Currently, 0.4% of the shares of the stock are short sold.
View Royal Bank of Canada's Short Interest.

Who are some of Royal Bank of Canada's key competitors?

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

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 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).

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the following people:
  • Mr. David I. McKay, Pres, CEO & Director (Age 57)
  • Mr. Rod Bolger, Chief Financial Officer
  • Mr. Douglas Antony Guzman, Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Neil McLaughlin, Group Head of Personal & Commercial Banking
  • Mr. Bruce Ross, Group Head of Technology & Operations
  • Ms. Gay Mitchell, Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess, Chief Admin. Officer
  • Ms. Nadine Ahn, Sr. VP of Wholesale Fin. & Investor Relations
  • Mr. David Onorato, Gen. Counsel
  • Ms. Amy Cairncross, Sr. VP of Communications

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 TD Asset Management Inc. (2.16%), Toronto Dominion Bank (1.51%), Caisse DE Depot ET Placement DU Quebec (1.10%), CIBC Asset Management Inc (1.09%), Great West Life Assurance Co. Can (0.89%) and Connor Clark & Lunn Investment Management Ltd. (0.87%).

Which institutional investors are selling Royal Bank of Canada stock?

RY stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Jarislowsky Fraser Ltd, Cidel Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Great West Life Assurance Co. Can, Guardian Capital LP, Letko Brosseau & Associates Inc., and Hexavest Inc..

Which institutional investors are buying Royal Bank of Canada stock?

RY stock was acquired by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, Cardinal Capital Management Inc., Toronto Dominion Bank, Caisse DE Depot ET Placement DU Quebec, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Prudential PLC, Morgan Stanley, and Alberta Investment Management Corp.

How do I buy shares of Royal Bank of Canada?

Shares of RY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately $83.21.

How big of a company is Royal Bank of Canada?

Royal Bank of Canada has a market capitalization of $118.48 billion and generates $50.86 billion in revenue each year. The financial services provider earns $9.68 billion in net income (profit) each year or $6.69 on an earnings per share basis. Royal Bank of Canada employs 83,734 workers across the globe.

What is Royal Bank of Canada's official website?

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

How can I contact Royal Bank of Canada?

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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff
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