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

Company Overview

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.

Key Stats

• Today's Range: C$174.17 to C$175.32
• 50-Day Range: C$164.54 to C$174.76
• 52-Week Range: C$115.57 to C$175.32
• Volume: 2.29 million shs
• Average Volume: 4.85 million shs
• Market Capitalization: C$246.34 billion
• P/E Ratio: 15.47
• Dividend Yield: 3.25%
• Price Target: C$171.58
• Consensus Rating: Buy

Royal Bank of Canada Stock Analysis - MarketRank™

Royal Bank of Canada scored higher than 25% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Royal Bank of Canada has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Royal Bank of Canada has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Royal Bank of Canada is 15.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Royal Bank of Canada is 15.47, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 400.95.

Price to Earnings Growth Ratio

Royal Bank of Canada has a PEG Ratio of 3.42. 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 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for RY.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Royal Bank of Canada pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.

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 50.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for RY.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.49

News Sentiment

Royal Bank of Canada has a news sentiment score of 0.49. 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 lower news sentiment than the 0.65 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Royal Bank of Canada this week, compared to 4 articles on an average week.

Search Interest

Only 45 people have searched for RY on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

Only 14 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Royal Bank of Canada insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$23,959,265.00 in company stock.

Percentage Held by Institutions

52.50% 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.

RY Stock Analysis - Frequently Asked Questions

How have RY shares performed this year?

Royal Bank of Canada's stock was trading at C$134.00 on January 1st, 2024. Since then, RY shares have increased by 30.4% and is now trading at C$174.71.
View the best growth stocks for 2024 here.

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

Royal Bank of Canada (TSE:RY) posted its earnings results on Wednesday, August, 28th. The financial services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.31. The financial services provider had revenue of $14.63 billion for the quarter, compared to analyst estimates of $14.27 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 13.68% and a net margin of 28.67%.

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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and TELUS (T).

Company Calendar

• Last Earnings: 8/28/2024
• Ex-Dividend for 11/22 Dividend: 10/24/2024
• Dividend Payable: 11/22/2024
• Today: 11/23/2024
• Next Earnings (Confirmed): 12/04/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Diversified
• Sub-Industry: Banking
• Current Symbol: TSE:RY
• CUSIP: N/A
• CIK: N/A
• Web: www.rbc.com
• Phone: +1-416-9748393
• Fax: N/A
• Employees: 91,400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$171.58
• High Stock Price Target: C$195.00
• Low Stock Price Target: C$150.00
• Potential Upside/Downside: -1.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.08
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$11.29
• Trailing P/E Ratio: 15.47
• Forward P/E Ratio: 14.15
• P/E Growth: 3.42
• Net Income: C$15.90 billion
• Net Margins: 28.67%
• Pretax Margin: N/A
• Return on Equity: 13.68%
• Return on Assets: 0.80%

Debt

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

Sales & Book Value

• Annual Sales: C$56.51 billion
• Price / Sales: 4.36
• Cash Flow: C$732.23 per share
• Price / Cash Flow: 0.24
• Book Value: C$81.28 per share
• Price / Book: 2.15

Miscellaneous

• Outstanding Shares: 1,410,000,000
• Free Float: N/A
• Market Cap: C$246.34 billion
• Optionable: Not Optionable
• Beta: 0.84