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 COVID-19 reached pandemic status according to the World Health Organization. Since then, RY shares have increased by 8.9% and is now trading at $69.62. 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) issued its quarterly earnings data on Wednesday, May, 27th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by $0.36. The financial services provider earned $7.70 billion during the quarter, compared to analyst estimates 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 announced a quarterly dividend on Thursday, May 28th. Investors of record on Monday, July 27th will be given a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, July 24th. View Royal Bank of Canada's dividend history.

11 brokerages have issued 12 month target prices for Royal Bank of Canada's stock. Their forecasts range from $69.00 to $120.00. On average, they anticipate Royal Bank of Canada's stock price to reach $97.11 in the next year. This suggests a possible upside of 39.5% from the stock's current price. View analysts' price targets for Royal Bank of Canada.

Headlines about RY stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely 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 in 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 company's stock are sold short. 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), Boc Hong Kong (BHKLY), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY), ICICI Bank (IBN) and ING Groep (ING). 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 shareholders 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 Pacifica Partners 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, Pacifica Partners Inc., and Carroll Financial Associates Inc..

RY stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Chemung Canal Trust Co., Total Clarity Wealth Management Inc., Ritholtz Wealth Management, First Citizens Bank & 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 $69.62.

Royal Bank of Canada has a market capitalization of $99.09 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]