National Bank Financial Has Positive View of RY Q2 Earnings
Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - Investment analysts at National Bank Financial lifted their Q2 2025 EPS estimates for shares of Royal Bank of Canada in a report issued on Thursday, May 15th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings of $2.35 per share for the quarter, up from their previous estimate of $2.30. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share.
Several other brokerages have also recently commented on RY. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. CIBC raised Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a report on Friday, April 4th. StockNews.com upgraded shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, Scotiabank assumed coverage on shares of Royal Bank of Canada in a research report on Thursday. They set a "sector outperform" rating on the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.50.
Read Our Latest Stock Analysis on RY
Shares of NYSE RY opened at $125.80 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50-day moving average of $115.99 and a 200-day moving average of $119.33. The stock has a market capitalization of $177.58 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a fifty-two week low of $102.44 and a fifty-two week high of $128.05.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's payout ratio is presently 46.18%.
Institutional investors have recently made changes to their positions in the business. Park Square Financial Group LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $29,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. increased 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 acquiring an additional 250 shares during 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 approximately $32,000. 45.31% of the stock is owned by institutional investors and hedge funds.
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.
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