Cormark Raises Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Equities research analysts at Cormark lifted their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Thursday, December 5th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $13.87 per share for the year, up from their previous estimate of $13.82. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

RY has been the subject of a number of other reports. Barclays upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 21st. Scotiabank boosted their target price on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a report on Monday, November 25th. TD Securities cut shares of Royal Bank of Canada from a "buy" rating to a "hold" rating and increased their price target for the company from C$178.00 to C$180.00 in a research note on Friday, November 15th. Jefferies Financial Group lowered their price objective on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Finally, Bank of America raised their target price on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$176.58.

Royal Bank of Canada Trading Down 0.7 %

Shares of TSE RY traded down C$1.30 during midday trading on Friday, reaching C$178.27. The company's stock had a trading volume of 2,448,700 shares, compared to its average volume of 4,789,774. Royal Bank of Canada has a fifty-two week low of C$123.44 and a fifty-two week high of C$180.45. The stock has a 50 day simple moving average of C$171.64 and a 200-day simple moving average of C$158.94. The stock has a market capitalization of C$251.36 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 3.42 and a beta of 0.84.

Insider Buying and Selling

In related news, Senior Officer Douglas Antony Guzman sold 10,270 shares of Royal Bank of Canada stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$166.20, for a total transaction of C$1,706,874.00. Following the completion of the transaction, the insider now owns 25 shares of the company's stock, valued at C$4,155. This trade represents a 99.76 % decrease in their ownership of the stock. Insiders sold a total of 44,918 shares of company stock valued at $7,518,149 in the last three months.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 3.32%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.42. Royal Bank of Canada's dividend payout ratio is presently 50.31%.

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.