NYSE:RYRoyal Bank of Canada Stock Price, Forecast & News

Royal Bank of Canada's stock was trading at $63.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RY stock has increased by 7.2% and is now trading at $68.48. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Royal Bank of Canada.

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Royal Bank of Canada.

Royal Bank of Canada (NYSE:RY) announced its quarterly earnings data on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.36. The financial services provider had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $8.15 billion. Royal Bank of Canada had a net margin of 17.51% and a return on equity of 15.03%. View Royal Bank of Canada's earnings history.

Royal Bank of Canada declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, July 27th will be paid a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, July 24th. View Royal Bank of Canada's dividend history.

11 brokers have issued 12-month target prices for Royal Bank of Canada's shares. Their forecasts range from $69.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $97.11 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

News headlines about RY stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Royal Bank of Canada.

Royal Bank of Canada saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,850,000 shares, a drop of 9.6% from the June 15th total of 7,580,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 4.7 days. Approximately 0.5% of the shares of the company are short sold. View Royal Bank of Canada's Current Options Chain.

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN), Boc Hong Kong (BHKLY), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY) and CR AGRICOLE S A/ADR (CRARY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AT&T (T), Bank of Nova Scotia (BNS), AbbVie (ABBV), Bank of America (BAC), Pfizer (PFE), Verizon Communications (VZ), Walt Disney (DIS), General Electric (GE) and Johnson & Johnson (JNJ).

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Royal Bank of Canada's stock is owned by many different retail and institutional investors. Top institutional investors include Addenda Capital Inc. (0.09%), Nexus Investment Management ULC (0.03%), Hexavest Inc. (0.02%), Envestnet Asset Management Inc. (0.01%), Carroll Financial Associates Inc. (0.00%) and Richard P Slaughter Associates Inc (0.00%).

RY stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Hexavest Inc., Addenda Capital Inc., Nexus Investment Management ULC, Gradient Investments LLC, and Carroll Financial Associates Inc..

RY stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Chemung Canal Trust Co., Richard P Slaughter Associates Inc, Cypress Capital Group, and Cox Capital Mgt LLC.

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.

One share of RY stock can currently be purchased for approximately $68.48.

Royal Bank of Canada has a market capitalization of $97.47 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 82,801 workers across the globe.

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

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]