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NYSE:RY

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

$101.84
+0.97 (+0.96%)
(As of 01/31/2023 12:29 PM ET)
Add
Compare
Today's Range
$100.41
$101.85
50-Day Range
$92.81
$101.73
52-Week Range
$83.63
$116.84
Volume
203,154 shs
Average Volume
976,083 shs
Market Capitalization
$141.13 billion
P/E Ratio
11.84
Dividend Yield
3.85%
Price Target
$140.09

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
38.6% Upside
$140.09 Price Target
Short Interest
Bearish
1.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.31mentions of Royal Bank of Canada in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.02%
From $8.65 to $9.43 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Finance Sector

218th out of 897 stocks

Commercial Banks, Not Elsewhere Classified Industry

12th out of 36 stocks


RY stock logo

About Royal Bank of Canada (NYSE:RY) Stock

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded

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RY Stock News Headlines

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Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
GRAPHITE: "Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
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See More Headlines
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RY Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2022
Dividend Payable
11/24/2022
Last Earnings
11/30/2022
Ex-Dividend for 2/24 Dividend
1/25/2023
Today
1/31/2023
Next Earnings (Estimated)
2/23/2023
Dividend Payable
2/24/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
91,427
Year Founded
1896

Price Target and Rating

Average Stock Price Forecast
$140.09
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$118.00
Forecasted Upside/Downside
+37.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$12.27 billion
Pretax Margin
30.00%

Debt

Sales & Book Value

Annual Sales
$52.08 billion
Cash Flow
$10.52 per share
Book Value
$56.54 per share

Miscellaneous

Outstanding Shares
1,385,790,000
Free Float
N/A
Market Cap
$141.13 billion
Optionable
Optionable
Beta
0.84

Social Links


Key Executives

  • David Ian McKay
    President, Chief Executive Officer & Director
  • Bruce Ross
    Group Head-Technology & Operations
  • Nadine Ahn
    Chief Financial Officer
  • Foteini Agrafioti
    Chief Science Officer
  • William Onuwa
    Chief Audit Executive & Executive Vice President













RY Stock - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RY shares.
View RY analyst ratings
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2023?

9 brokerages have issued 12 month price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from $118.00 to $150.00. On average, they predict the company's share price to reach $140.09 in the next twelve months. This suggests a possible upside of 38.9% 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 2023?

Royal Bank of Canada's stock was trading at $94.02 at the beginning of 2023. Since then, RY stock has increased by 7.3% and is now trading at $100.87.
View the best growth stocks for 2023 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 16,700,000 shares, a decrease of 16.8% from the December 15th total of 20,080,000 shares. Based on an average trading volume of 876,400 shares, the days-to-cover ratio is presently 19.1 days. Currently, 1.2% of the shares of the stock are sold short.
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 Thursday, February 23rd 2023.
View our RY earnings forecast
.

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

Royal Bank of Canada (NYSE:RY) announced its earnings results on Wednesday, November, 30th. The financial services provider reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.07. The financial services provider earned $9.44 billion during the quarter. Royal Bank of Canada had a net margin of 23.66% and a trailing twelve-month return on equity of 16.33%.

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 Wednesday, November 30th. Stockholders of record on Thursday, January 26th will be given a dividend of $0.9832 per share on Friday, February 24th. This represents a $3.93 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, January 25th.
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 $3.89 per share and currently has a dividend yield of 3.85%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 41.25% 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 National Bank of Canada FI (1.25%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Montrusco Bolton Investments Inc. (0.10%), Addenda Capital Inc. (0.06%), Value Partners Investments Inc. (0.05%) and QV Investors Inc. (0.05%).

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 $100.87.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (NYSE:RY) has a market capitalization of $139.78 billion and generates $52.08 billion in revenue each year. The financial services provider earns $12.27 billion in net income (profit) each year or $8.60 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company employs 91,427 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..
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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 1/31/2023 by MarketBeat.com Staff