S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NYSE:RY

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

$99.25
-0.09 (-0.09%)
(As of 03/18/2024 ET)
Today's Range
$98.62
$99.47
50-Day Range
$94.70
$101.07
52-Week Range
$77.90
$102.07
Volume
483,687 shs
Average Volume
1.18 million shs
Market Capitalization
$140.41 billion
P/E Ratio
12.50
Dividend Yield
4.01%
Price Target
$131.50

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
32.5% Upside
$131.50 Price Target
Short Interest
Healthy
0.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.27mentions of Royal Bank of Canada in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.47%
From $8.50 to $9.22 Per Share

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.

4.91 out of 5 stars

Finance Sector

31st out of 882 stocks

Commercial Banks, Not Elsewhere Classified Industry

2nd out of 31 stocks

RY stock logo

About Royal Bank of Canada Stock (NYSE: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

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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 2/23 Dividend
1/24/2024
Dividend Payable
2/23/2024
Today
3/18/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
91,398
Year Founded
1896

Price Target and Rating

Average Stock Price Target
$131.50
High Stock Price Target
$139.00
Low Stock Price Target
$124.00
Potential Upside/Downside
+32.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$11.02 billion
Pretax Margin
14.26%

Debt

Sales & Book Value

Annual Sales
$87.48 billion
Cash Flow
$9.95 per share
Book Value
$56.74 per share

Miscellaneous

Outstanding Shares
1,414,690,000
Free Float
N/A
Market Cap
$140.41 billion
Optionable
Optionable
Beta
0.86

Social Links

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Royal Bank of Canada was last updated on Wednesday, March 13, 2024 at 11:48 PM.

Pros

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

  • Royal Bank of Canada has a consistent track record of increasing dividends, providing investors with a reliable income stream.
  • The company has a strong market capitalization of $140.98 billion, indicating stability and size in the financial sector.
  • Recent analyst upgrades, such as Bank of America raising the stock from "neutral" to "buy," suggest positive sentiment towards the company's performance.
  • Royal Bank of Canada's stock price has been trading at a 52-week high of $102.07, showing potential for capital appreciation.
  • The company's low debt-to-equity ratio of 0.11 indicates a healthy financial structure and lower risk for investors.

Cons

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

  • Despite recent positive performance, the stock's price-to-earnings ratio of 12.60 and PEG ratio of 1.70 may suggest the stock is currently overvalued.
  • The company's beta of 0.86 indicates that Royal Bank of Canada's stock price may not move in line with the overall market, potentially leading to higher volatility.
  • While the dividend yield is attractive at 4.08%, the dividend payout ratio of 50.13% may limit future dividend growth or reinvestment in the business.
  • Market conditions and economic factors can impact the financial sector significantly, potentially affecting Royal Bank of Canada's performance and stock price.
  • Investors should consider the impact of regulatory changes and compliance requirements on the banking industry, which could affect the company's operations and profitability.

RY Stock Analysis - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

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

5 Wall Street research analysts have issued 1 year price objectives for Royal Bank of Canada's shares. Their RY share price targets range from $124.00 to $139.00. On average, they predict the company's stock price to reach $131.50 in the next twelve months. This suggests a possible upside of 32.5% 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 $101.13 at the beginning of 2024. Since then, RY shares have decreased by 1.9% and is now trading at $99.25.
View the best growth stocks for 2024 here
.

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a decrease in short interest in February. As of February 15th, there was short interest totaling 9,490,000 shares, a decrease of 69.6% from the January 31st total of 31,210,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 7.9 days. Approximately 0.7% of the shares of the company are sold short.
View Royal Bank of Canada's Short Interest
.

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 (NYSE:RY) announced its quarterly earnings results on Thursday, November, 30th. The financial services provider reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The financial services provider earned $9.59 billion during the quarter, compared to the consensus estimate of $9.63 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 14.74% and a net margin of 12.43%. During the same quarter in the prior year, the business posted $2.09 EPS.

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

Royal Bank of Canada declared a quarterly dividend on Thursday, February 29th. Investors of record on Thursday, April 25th will be paid a dividend of $1.0207 per share on Friday, May 24th. This represents a $4.08 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, April 24th. This is a positive change from the stock's previous quarterly dividend of $1.02.
Read our dividend analysis for RY
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.98 per share and currently has a dividend yield of 3.99%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 43.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

What ETF holds Royal Bank of Canada's stock?

Cizzle Biotechnology holds 392 shares of RY stock, representing 0.08% of its portfolio.

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), 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).

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by a number of institutional and retail investors. Top institutional investors include Canoe Financial LP (10.73%), Vanguard Group Inc. (3.88%), Vanguard Group Inc. (3.88%), TD Asset Management Inc (2.31%), Bank of Nova Scotia (1.99%) and Mackenzie Financial Corp (1.91%).

How do I buy shares of Royal Bank of Canada?

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Royal Bank of Canada have any subsidiaries?
The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
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This page (NYSE:RY) was last updated on 3/19/2024 by MarketBeat.com Staff

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