National Bank Financial Has Positive View of RY Q2 Earnings
A number of other analysts also recently weighed in on the company. Scotiabank assumed coverage on Royal Bank of Canada in a research report on Thursday. They set a “sector outperform” rating for the company. StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Cibc World Mkts upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.50.
Check Out Our Latest Stock Report on RY
NYSE:RY opened at $125.80 on Monday. The stock has a fifty day moving average price of $115.99 and a 200-day moving average price of $119.33. The company has a market cap of $177.58 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a fifty-two week low of $102.44 and a fifty-two week high of $128.05.
A number of institutional investors have recently modified their holdings of RY. Park Square Financial Group LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth $25,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth $28,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth $29,000. Sunbelt Securities Inc. raised its holdings in shares of Royal Bank of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after buying an additional 250 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Royal Bank of Canada during the 1st quarter worth $32,000. Institutional investors and hedge funds own 45.31% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.26%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 46.18%.
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.
- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
