Royal Bank of Canada (NYSE:RY) Stock Rating Upgraded by Barclays

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY was upgraded by stock analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report released on Thursday,Briefing.com Automated Import reports.

A number of other brokerages also recently issued reports on RY. BMO Capital Markets lifted their price target on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. TD Securities cut Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Royal Bank of Canada currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.50.

Royal Bank of Canada Trading Down 0.9 %

NYSE:RY opened at $121.79 on Thursday. The firm has a market capitalization of $172.17 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $123.34 and a 200-day moving average price of $114.32. Royal Bank of Canada has a one year low of $85.02 and a one year high of $126.96.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.23. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. The firm had revenue of $10.68 billion during the quarter, compared to analysts' expectations of $10.40 billion. Sell-side analysts forecast that Royal Bank of Canada will post 8.88 EPS for the current year.

Institutional Trading of Royal Bank of Canada

Several hedge funds and other institutional investors have recently bought and sold shares of RY. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada during the third quarter worth $25,000. Dunhill Financial LLC bought a new stake in Royal Bank of Canada during the 3rd quarter valued at $25,000. Larson Financial Group LLC purchased a new stake in shares of Royal Bank of Canada in the 3rd quarter worth $26,000. Ridgewood Investments LLC bought a new position in shares of Royal Bank of Canada during the 2nd quarter worth $27,000. Finally, Grove Bank & Trust purchased a new position in shares of Royal Bank of Canada during the third quarter valued at $28,000. Hedge funds and other institutional investors own 45.31% of the company's stock.

About Royal Bank of Canada

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 instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.