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NYSE:RY

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

$99.38
-0.88 (-0.88%)
(As of 08/15/2022 02:34 PM ET)
Add
Compare
Today's Range
$98.50
$99.63
50-Day Range
$91.09
$106.26
52-Week Range
$90.75
$119.41
Volume
23,176 shs
Average Volume
1.17 million shs
Market Capitalization
$138.60 billion
P/E Ratio
10.87
Dividend Yield
3.97%
Price Target
$142.20

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
42.9% Upside
$142.21 Price Target
Short Interest
Bearish
1.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
-0.61mentions of Royal Bank of Canada in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.86%
From $8.84 to $9.27 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Finance Sector

424th out of 931 stocks

Commercial Banks, Not Elsewhere Classified Industry

22nd out of 34 stocks

RY stock logo

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.

Royal Bank of Canada Price Performance

Shares of RY traded down $1.30 during mid-day trading on Monday, hitting $98.96. 3,920 shares of the stock were exchanged, compared to its average volume of 1,168,001. The firm has a 50-day moving average of $97.45 and a two-hundred day moving average of $104.10. The company has a market cap of $138.01 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88. Royal Bank of Canada has a 52-week low of $90.75 and a 52-week high of $119.41.

Royal Bank of Canada (NYSE:RY - Get Rating) (TSE:RY) last announced its quarterly earnings data on Thursday, May 26th. The financial services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.28. The firm had revenue of $8.86 billion for the quarter. Royal Bank of Canada had a return on equity of 17.97% and a net margin of 28.54%. On average, equities analysts predict that Royal Bank of Canada will post 8.84 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Tuesday, July 26th will be issued a dividend of $0.995 per share. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, July 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.94. Royal Bank of Canada's payout ratio is 43.54%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RY. TD Securities lowered their price target on Royal Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, May 27th. Keefe, Bruyette & Woods lowered shares of Royal Bank of Canada from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from C$132.00 to C$118.00 in a research note on Monday, August 8th. National Bank Financial increased their target price on shares of Royal Bank of Canada from C$147.00 to C$148.00 in a research report on Friday, May 27th. BMO Capital Markets cut their price target on shares of Royal Bank of Canada from C$142.00 to C$140.00 in a report on Friday, May 27th. Finally, Argus increased their target price on shares of Royal Bank of Canada from $121.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, June 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada has an average rating of "Hold" and an average target price of $142.13.

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RY Stock News Headlines

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RY Company Calendar

Ex-Dividend for 5/24 Dividend
4/22/2022
Dividend Payable
5/24/2022
Last Earnings
5/26/2022
Ex-Dividend for 8/24 Dividend
7/25/2022
Today
8/15/2022
Dividend Payable
8/24/2022
Next Earnings (Confirmed)
8/24/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
85,301
Year Founded
1896

Price Target and Rating

Average Stock Price Forecast
$142.21
High Stock Price Forecast
$152.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+43.1%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
14 Analysts

Profitability

Net Income
$12.76 billion
Pretax Margin
36.63%

Debt

Sales & Book Value

Annual Sales
$45.99 billion
Cash Flow
$10.41 per share
Book Value
$51.40 per share

Miscellaneous

Outstanding Shares
1,394,600,000
Free Float
N/A
Market Cap
$138.60 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • Mr. David I. McKay (Age 59)
    Pres, CEO & Director
    Comp: $4.3M
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • Mr. Derek Neldner CFA
    Group Head & CEO of RBC Capital Markets
  • Ms. Nadine Ahn (Age 51)
    Chief Financial Officer
  • Mr. Bruce Ross
    Group Head of Technology & Operations
  • Ms. Gay Mitchell
    Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess
    Chief Admin. & Strategy Officer
  • Ms. Maria Douvas
    Chief Legal Officer
  • Ms. Amy Cairncross
    Sr. VP of Communications













RY Stock - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RY, but not buy additional shares or sell existing shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2022?

14 Wall Street analysts have issued twelve-month price objectives for Royal Bank of Canada's stock. Their RY share price forecasts range from $118.00 to $152.00. On average, they predict the company's share price to reach $142.21 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price.
View analysts price targets for RY
or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2022?

Royal Bank of Canada's stock was trading at $106.14 at the beginning of the year. Since then, RY shares have decreased by 5.5% and is now trading at $100.26.
View the best growth stocks for 2022 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in July. As of July 31st, there was short interest totaling 25,750,000 shares, an increase of 89.5% from the July 15th total of 13,590,000 shares. Based on an average daily volume of 974,000 shares, the short-interest ratio is presently 26.4 days. Approximately 1.8% of the company's stock are short sold.
View Royal Bank of Canada's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our RY earnings forecast
.

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, August 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "2506691#".

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) issued its 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. The financial services provider had revenue of $8.86 billion for the quarter. Royal Bank of Canada had a trailing twelve-month return on equity of 17.97% and a net margin of 28.54%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada declared a quarterly dividend on Thursday, May 26th. Investors of record on Tuesday, July 26th will be given a dividend of $0.995 per share on Wednesday, August 24th. This represents a $3.98 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Monday, July 25th. This is a boost from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.98 per share and currently has a dividend yield of 3.97%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 42.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

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 Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

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 many different retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (4.73%), TD Asset Management Inc. (2.03%), Mackenzie Financial Corp (2.01%), Bank of Nova Scotia (1.35%), FMR LLC (1.14%) and Toronto Dominion Bank (1.03%).

How do I buy shares of Royal Bank of Canada?

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

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

One share of RY stock can currently be purchased for approximately $100.26.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $139.82 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $9.14 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 85,301 workers across the globe.

Does Royal Bank of Canada have any subsidiaries?

The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc., RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
Read More

When was Royal Bank of Canada founded?

Royal Bank of Canada was founded in 1896.

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at (888) 212-5533, via email at invesrel@rbc.com, or via fax at 416-955-7800.

This page (NYSE:RY) was last updated on 8/15/2022 by MarketBeat.com Staff

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