Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY issued its quarterly earnings data on Thursday. The financial services provider reported $2.20 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05), Zacks reports. The company had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. Royal Bank of Canada had a net margin of 12.08% and a return on equity of 15.26%. The business's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 EPS.

RY opened at $124.90 on Friday. The firm has a market capitalization of $176.66 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The stock's 50 day moving average price is $118.60 and its two-hundred day moving average price is $119.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 12-month low of $102.44 and a 12-month high of $129.46.

A number of research analysts have recently commented on the company. CIBC reissued an "outperform" rating on shares of Royal Bank of Canada in a report on Tuesday, May 20th. Scotiabank started coverage on Royal Bank of Canada in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Wall Street Zen raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Read Our Latest Research Report on Royal Bank of Canada

A hedge fund recently raised its stake in Royal Bank of Canada stock. Brighton Jones LLC raised its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 33.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,313 shares of the financial services provider's stock after buying an additional 575 shares during the quarter. Brighton Jones LLC's holdings in Royal Bank of Canada were worth $279,000 at the end of the most recent quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

(Get Free Report)

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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