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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RY shares have increased by 15.1% and is now trading at $73.54.
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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 26th 2020.
View our earnings forecast for Royal Bank of Canada.

Royal Bank of Canada will be holding an earnings conference call on Wednesday, August 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 consensus estimate of $1.13 by $0.36. The financial services provider had revenue of $7.70 billion for 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 paid a dividend of $0.7839 per share on Monday, August 24th. This represents a $3.14 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Friday, July 24th.
View Royal Bank of Canada's dividend history.

11 equities research analysts 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 anticipate Royal Bank of Canada's stock price to reach $97.11 in the next year. This suggests a possible upside of 32.1% from the stock's current price.
View analysts' price targets for Royal Bank of Canada.

News coverage about RY stock has trended neutral this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a news impact score of 0.0 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Royal Bank of Canada.

Royal Bank of Canada saw a increase in short interest in April. As of April 30th, there was short interest totaling 7,850,000 shares, an increase of 15.1% from the April 15th total of 6,820,000 shares. Based on an average trading volume of 1,730,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 0.6% of the shares of the stock are short sold.
View Royal Bank of Canada's Short Interest.

Some companies that are related to Royal Bank of Canada include Toronto-Dominion Bank (TD), HDFC Bank (HDB), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY), ING Groep (ING), Boc Hong Kong (BHKLY) and CR AGRICOLE S A/ADR (CRARY).
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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), Bank of Nova Scotia (BNS), Cisco Systems (CSCO), Pfizer (PFE), Bank of America (BAC), Verizon Communications (VZ) and JPMorgan Chase & Co. (JPM).

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.05%), TD Asset Management Inc. (2.64%), FIL Ltd (1.89%), Bank of Nova Scotia (1.77%), CIBC Asset Management Inc (1.00%) and Scotia Capital Inc. (0.50%).

RY stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, FIL Ltd, Goldman Sachs Group Inc., Vanguard Group Inc., Cardinal Capital Management Inc., Jarislowsky Fraser Ltd, Hexavest Inc., and TD Asset Management Inc..

RY stock was purchased by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., FMR LLC, Montrusco Bolton Investments Inc., Canada Pension Plan Investment Board, MUFG Securities EMEA plc, and Guardian Capital LP.

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 $73.54.

Royal Bank of Canada has a market capitalization of $104.67 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]