Royal Bank of Canada (RY) Stock Forecast, Price & News

11 Wall Street equities research 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 5 buy ratings for the stock. The consensus among Wall Street equities research 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.

11 brokers have issued twelve-month price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from C$122.00 to C$142.00. On average, they anticipate the company's share price to reach C$134.03 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

Royal Bank of Canada's stock was trading at C$127.30 at the beginning of 2023. Since then, RY stock has decreased by 11.1% and is now trading at C$113.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our RY earnings forecast.

Royal Bank of Canada (TSE:RY) posted its quarterly earnings data on Thursday, August, 24th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.16. The financial services provider had revenue of $14.49 billion for the quarter, compared to analysts' expectations of $12.89 billion. Royal Bank of Canada had a net margin of 27.28% and a trailing twelve-month return on equity of 13.51%.

Royal Bank of Canada announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Thursday, October 26th will be given a dividend of 1.35 per share on Friday, November 24th. This represents a $5.40 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Wednesday, October 25th.
Read our dividend analysis for RY.

Royal Bank of Canada (TSE:RY) pays an annual dividend of C$5.40 per share and currently has a dividend yield of 4.48%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RY.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), BCE (BCE), Manulife Financial (MFC), Suncor Energy (SU), TELUS (T) and National Bank of Canada (NA).

Royal Bank of Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RY."

Shares of RY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of RY stock can currently be purchased for approximately C$113.14.

Royal Bank of Canada (TSE:RY) has a market capitalization of C$158.40 billion and generates C$53.54 billion in revenue each year. The financial services provider earns C$14.37 billion in net income (profit) each year or C$10.34 on an earnings per share basis.

The company employs 93,753 workers across the globe.

Royal Bank of Canada's mailing address is 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at +1-416-9748393.