Cormark Predicts Stronger Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Investment analysts at Cormark boosted their FY2025 EPS estimates for shares of Royal Bank of Canada in a research note issued to investors on Friday, February 28th. Cormark analyst L. Persaud now expects that the financial services provider will earn $13.22 per share for the year, up from their previous estimate of $12.97. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share. Cormark also issued estimates for Royal Bank of Canada's FY2026 earnings at $14.38 EPS.

A number of other research firms have also weighed in on RY. Canaccord Genuity Group increased their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Barclays upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 21st. UBS Group reduced their target price on Royal Bank of Canada from C$200.00 to C$192.00 in a research note on Friday, February 14th. National Bankshares increased their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets reduced their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$181.83.

Royal Bank of Canada Stock Up 2.7 %

Shares of RY opened at C$170.98 on Monday. The company has a market cap of C$241.94 billion, a PE ratio of 14.90, a P/E/G ratio of 3.42 and a beta of 0.84. The business has a fifty day moving average of C$172.44 and a 200 day moving average of C$169.84. Royal Bank of Canada has a 52-week low of C$130.44 and a 52-week high of C$180.45.

Insider Transactions at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 1,538 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$177.09, for a total value of C$272,363.80. Following the sale, the insider now directly owns 25 shares in the company, valued at C$4,427.24. The trade was a 98.40 % decrease in their ownership of the stock. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total value of C$53,938.25. In the last 90 days, insiders have sold 42,762 shares of company stock valued at $7,379,177.

Royal Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 3.46%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.49%.

Royal Bank of Canada Company Profile

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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