Royal Bank of Canada - RY Stock Forecast, Price & News

11 Wall Street 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, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price objectives for Royal Bank of Canada's stock. Their RY share price forecasts range from $118.00 to $150.00. On average, they anticipate the company's stock price to reach $139.71 in the next twelve months. This suggests a possible upside of 47.9% 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 $106.14 on January 1st, 2022. Since then, RY stock has decreased by 11.0% and is now trading at $94.47.
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Royal Bank of Canada saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 14,010,000 shares, a drop of 45.6% from the July 31st total of 25,750,000 shares. Based on an average daily trading volume, of 895,800 shares, the short-interest ratio is currently 15.6 days. Currently, 1.0% of the shares of the company are short sold.
View Royal Bank of Canada's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our RY earnings forecast.

Royal Bank of Canada (NYSE:RY) released its earnings results on Tuesday, August, 24th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.84. The financial services provider earned $10.38 billion during the quarter, compared to the consensus estimate of $11.86 billion. Royal Bank of Canada had a net margin of 26.29% and a trailing twelve-month return on equity of 16.85%. During the same period in the previous year, the firm earned $2.20 EPS.

Royal Bank of Canada declared a quarterly dividend on Wednesday, August 24th. Stockholders of record on Wednesday, October 26th will be given a dividend of $1.00 per share on Thursday, November 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Tuesday, October 25th. This is a boost from the stock's previous quarterly dividend of $1.00.
Read our dividend analysis for RY.

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.98 per share and currently has a dividend yield of 4.27%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 45.33% next year. This indicates that the company will be able to sustain or increase its dividend.
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), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Royal Bank of Canada's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (4.73%), TD Asset Management Inc. (2.03%), Mackenzie Financial Corp (2.01%), Bank of Nova Scotia (1.35%), FMR LLC (1.14%) and Toronto Dominion Bank (1.03%).

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RY stock can currently be purchased for approximately $94.47.

Royal Bank of Canada (NYSE:RY) has a market capitalization of $131.58 billion and generates $45.99 billion in revenue each year. The financial services provider earns $12.76 billion in net income (profit) each year or $8.67 on an earnings per share basis.

The company employs 85,301 workers across the globe.

Royal Bank of Canada was founded in 1896.

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at (888) 212-5533, via email at invesrel@rbc.com, or via fax at 416-955-7800.