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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RY shares.
View RY analyst ratings or view top-rated stocks.

9 analysts have issued 1 year target prices for Royal Bank of Canada's stock. Their RY share price forecasts range from C$122.00 to C$157.00. On average, they expect the company's share price to reach C$137.70 in the next twelve months. This suggests a possible upside of 11.8% 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 on January 1st, 2023. Since then, RY stock has decreased by 3.3% and is now trading at C$123.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our RY earnings forecast.

Royal Bank of Canada (TSE:RY) issued its earnings results on Wednesday, March, 1st. The financial services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.92 by $0.13. The financial services provider earned $15.09 billion during the quarter, compared to analyst estimates of $13.07 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.28% and a net margin of 27.81%.

Royal Bank of Canada announced a quarterly dividend on Thursday, May 25th. Investors of record on Wednesday, July 26th will be given a dividend of 1.35 per share on Thursday, August 24th. This represents a $5.40 annualized dividend and a yield of 4.39%. The ex-dividend date is Tuesday, July 25th. This is an increase from the stock's previous quarterly dividend of C$1.32.
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 4.39%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.38%. 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$123.11.

Royal Bank of Canada (TSE:RY) has a market capitalization of C$171.12 billion and generates C$51.46 billion in revenue each year. The financial services provider earns C$14.06 billion in net income (profit) each year or C$10.51 on an earnings per share basis.

The company employs 85,211 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.