Should I buy or sell Royal Bank of Canada stock right now?

14 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RY shares. View RY analyst ratings or view top-rated stocks .

What is Royal Bank of Canada's stock price target for 2024?

14 Wall Street analysts have issued 12-month price targets for Royal Bank of Canada's shares. Their RY share price targets range from C$122.00 to C$150.00. On average, they anticipate the company's stock price to reach C$137.65 in the next year. This suggests a possible upside of 2.6% from the stock's current price. View analysts price targets for RY or view top-rated stocks among Wall Street analysts .

How have RY shares performed in 2024?

Royal Bank of Canada's stock was trading at C$134.00 at the start of the year. Since then, RY stock has increased by 0.1% and is now trading at C$134.18. View the best growth stocks for 2024 here .

When is Royal Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024. View our RY earnings forecast .

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (TSE:RY) announced its quarterly earnings results on Wednesday, February, 28th. The financial services provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.06. The financial services provider earned $13.49 billion during the quarter, compared to the consensus estimate of $13.65 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.66% and a net margin of 28.61%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada announced a quarterly dividend on Wednesday, April 24th. Shareholders of record on Thursday, April 25th will be paid a dividend of 1.38 per share on Friday, May 24th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, April 24th. Read our dividend analysis for RY .

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (TSE:RY) pays an annual dividend of C$5.52 per share and currently has a dividend yield of 4.07%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for RY .

What other stocks do shareholders of Royal Bank of Canada own?

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) .

How do I buy shares of Royal Bank of Canada?

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. Compare Top Brokerages Here .

TSE:RY

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

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Free RY Stock Alerts

C$133.91

+0.61 (+0.46%)

(As of 12:03 PM ET)

Compare

Today's Range: C$132.90
▼
C$134.36
50-Day Range: C$128.54
▼
C$139.95
52-Week Range: C$107.92
▼
C$140.77

Volume: 4.14 million shs
Average Volume: 5.02 million shs
Market Capitalization: C$188.81 billion

P/E Ratio: 12.43
Dividend Yield: 4.12%
Price Target: C$137.65

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 2.6% Upside
C$137.65 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.73
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.71 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 9 buy ratings, 3 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Royal Bank of Canada has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for RY.

2.5

Dividend Strength

Dividend Leadership
Royal Bank of Canada is a leading dividend payer. It pays a dividend yield of 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Royal Bank of Canada does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RY.

2.6

News and Social Media Coverage

News Sentiment
Royal Bank of Canada has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Royal Bank of Canada this week, compared to 4 articles on an average week.
Search Interest
Only 25 people have searched for RY on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Royal Bank of Canada insiders have not sold or bought any company stock.
Percentage Held by Institutions
51.19% of the stock of Royal Bank of Canada is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 12.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 12.46, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 447.28.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 10.64. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Royal Bank of Canada has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Royal Bank of Canada Stock (TSE:RY)

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. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RY Stock News Headlines

April 17, 2024 | finance.yahoo.com

Royal Bank of Canada announces NVCC AT1 Limited Recourse Capital Notes issue

April 16, 2024 | finance.yahoo.com

Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”

April 16, 2024 | finance.yahoo.com

RBC Capital Markets launches RBC Clear™, a Cash Management solution that will focus on Fortune 1000 corporations in the United States

April 16, 2024 | finance.yahoo.com

RBC Global Asset Management Inc. announces RBC ETF cash distributions for April 2024

April 14, 2024 | investing.com

Royal Bank of Canada Pref Z (RY_pz)

April 13, 2024 | americanbankingnews.com

Royal Bank of Canada (TSE:RY) Shares Cross Above 200 Day Moving Average of $127.11

April 11, 2024 | finance.yahoo.com

Royal Bank of Canada announces election of directors

April 18, 2024 | TradeSmith (Ad)

A.I. Pioneer Issues Urgent Warning to Americans

According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”

April 9, 2024 | msn.com

Who is Nadine Ahn? 7 points on Royal Bank Of Canada CFO fired for 'undisclosed relationship'

April 9, 2024 | msn.com

Who Is Nadine Ahn? Royal Bank Of Canada CFO Who Was Sacked Over Relationship With Colleague

April 9, 2024 | msn.com

Who is Nadine Ahn? Royal Bank of Canada fires CFO for 'undisclosed relationship' with another employee

April 9, 2024 | msn.com

Royal Bank Of Canada Fires CFO For ‘Undisclosed Personal Relationship’ With Colleague

April 8, 2024 | msn.com

RBC Begins Integration of HSBC’s Canadian Unit Without a Permanent CFO

April 8, 2024 | theglobeandmail.com

RBC terminated CFO after complaint sparked probe of relationship with VP, sources say

April 8, 2024 | finance.yahoo.com

Flagship report from RBC Economics offers pragmatic solutions to the housing crisis

April 6, 2024 | theglobeandmail.com

RBC’s purchase of HSBC Bank Canada accompanied by a complex technological feat

April 5, 2024 | msn.com

Royal Bank of Canada CFO fired over relationship

April 5, 2024 | marketwatch.com

Royal Bank of Canada Fires CFO After Investigation

April 5, 2024 | reuters.com

Royal Bank of Canada appoints Katherine Gibson as interim CFO

April 5, 2024 | finance.yahoo.com

RBC announces changes to its executive team

April 5, 2024 | seekingalpha.com

TD And Royal Bank: Buy The Mortgage Renewal Panic

April 3, 2024 | ca.finance.yahoo.com

Canadian lender RBC's CEO says City National will be a 'net contributor'

April 2, 2024 | msn.com

HSBC Said to Explore Sale of Some German Units in Streamlining

April 1, 2024 | finance.yahoo.com

Raymond James Hires $1.1 Billion Arizona Advisor Team From RBC

April 1, 2024 | finance.yahoo.com

RBC Global Asset Management Inc. announces the capping and closure of Phillips, Hager & North Inflation-Linked Bond Fund

April 1, 2024 | msn.com

HSBC Closes Sale of Canada Business to Royal Bank of Canada

See More Headlines

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Company Calendar

Ex-Dividend for 2/23 Dividend: 1/24/2024
Dividend Payable: 2/23/2024
Last Earnings: 2/28/2024
Today: 4/18/2024
Ex-Dividend for 5/24 Dividend: 4/24/2024
Next Earnings (Estimated): 5/23/2024
Dividend Payable: 5/24/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:RY
CUSIP: N/A
CIK: N/A
Web: www.rbc.com
Phone: +1-416-9748393
Fax: N/A
Employees: 90,166
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$137.65
High Stock Price Target: C$150.00
Low Stock Price Target: C$122.00
Potential Upside/Downside: +3.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$10.77
Trailing P/E Ratio: 12.39
Forward P/E Ratio: 11.81
P/E Growth: 10.64
Net Income: C$15.06 billion
Net Margins: 28.61%
Pretax Margin: N/A
Return on Equity: 13.66%
Return on Assets: 0.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$53.51 billion
Price / Sales: 3.52
Cash Flow: C$559.35 per share
Price / Cash Flow: 0.24
Book Value: C$76.95 per share
Price / Book: 1.73

Miscellaneous

Outstanding Shares: 1,410,000,000
Free Float: N/A
Market Cap: C$188.18 billion
Optionable: Not Optionable
Beta: 0.83

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Key Executives

Mr. David I. McKay (Age 61)
President, CEO & Director
Comp: $4.25M
Mr. Douglas Antony Guzman
Group Head of RBC Wealth Management & RBC Insurance
Mr. Neil McLaughlin
Group Head of Personal & Commercial Banking
Mr. Derek Neldner CFA
Group Head & CEO of RBC Capital Markets
Ms. Katherine Gibson
Interim CFO & Controller
Mr. Bruce Ross
Group Head of Technology & Operations
Ms. Maria Douvas
Chief Legal & Administrative Officer
Mr. Asim Imran
VP & Head of Investor Relations
Ms. Amy Cairncross
Senior Vice President of Communications
Ms. Kelly Pereira
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

Strong institutional investor ownership, indicating confidence in the company's performance and stability.
Consistent growth in position by major financial institutions like Norges Bank and TD Asset Management Inc, reflecting positive outlook on the company's future prospects.
Diversified financial services offered globally, providing stability and potential for revenue growth across different markets.
Recent increase in stock price, suggesting positive market sentiment and potential for capital appreciation.
Robust financial performance and market position, positioning the company as a reliable investment option in the financial sector.

Cons

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

High competition in the financial services industry, leading to potential margin pressures and challenges in market share retention.
Market volatility and economic uncertainties may impact the company's financial performance and stock price in the short term.
Dependency on global economic conditions, making the company susceptible to macroeconomic risks and fluctuations.
Regulatory changes and compliance requirements in the financial sector could increase operational costs and affect profitability.
Potential impact of interest rate changes on the company's lending and investment activities, influencing revenue streams and profitability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?: 14 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 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RY shares.
View RY analyst ratings or view top-rated stocks.
What is Royal Bank of Canada's stock price target for 2024?: 14 Wall Street analysts have issued 12-month price targets for Royal Bank of Canada's shares. Their RY share price targets range from C$122.00 to C$150.00. On average, they anticipate the company's stock price to reach C$137.65 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.
How have RY shares performed in 2024?: Royal Bank of Canada's stock was trading at C$134.00 at the start of the year. Since then, RY stock has increased by 0.1% and is now trading at C$134.18.
View the best growth stocks for 2024 here.
When is Royal Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our RY earnings forecast.
How were Royal Bank of Canada's earnings last quarter?: Royal Bank of Canada (TSE:RY) announced its quarterly earnings results on Wednesday, February, 28th. The financial services provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.06. The financial services provider earned $13.49 billion during the quarter, compared to the consensus estimate of $13.65 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.66% and a net margin of 28.61%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?: Royal Bank of Canada announced a quarterly dividend on Wednesday, April 24th. Shareholders of record on Thursday, April 25th will be paid a dividend of 1.38 per share on Friday, May 24th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, April 24th.
Read our dividend analysis for RY.
Is Royal Bank of Canada a good dividend stock?: Royal Bank of Canada (TSE:RY) pays an annual dividend of C$5.52 per share and currently has a dividend yield of 4.07%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RY.
What other stocks do shareholders of Royal Bank of Canada own?: 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).
How do I buy shares of Royal Bank of Canada?: 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.
Compare Top Brokerages Here.

This page (TSE:RY) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Royal Bank of Canada MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Royal Bank of Canada Stock (TSE:RY)

RY Stock Price History

RY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Cons

RY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™