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TSE:RY

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

Royal Bank of Canada logo
C$172.66 +1.56 (+0.91%)
(As of 11/7/2024 ET)

About Royal Bank of Canada Stock (TSE:RY)

Key Stats

Today's Range
C$171.50
C$172.89
50-Day Range
C$156.04
C$174.56
52-Week Range
C$115.42
C$175.04
Volume
4.10 million shs
Average Volume
4.93 million shs
Market Capitalization
C$243.45 billion
P/E Ratio
15.29
Dividend Yield
3.29%
Price Target
C$163.38
Consensus Rating
Buy

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.

Royal Bank of Canada Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
38th Percentile Overall Score

RY MarketRank™: 

Royal Bank of Canada scored higher than 38% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Royal Bank of Canada has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Royal Bank of Canada has only been the subject of 4 research reports in the past 90 days.

  • Read more about Royal Bank of Canada's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Royal Bank of Canada is 15.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Royal Bank of Canada is 15.29, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 431.30.

  • 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 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Royal Bank of Canada's valuation and earnings.
  • Short Interest

    There is no current short interest data available for RY.
  • 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%.

  • Read more about Royal Bank of Canada's dividend.
  • Short Interest

    There is no current short interest data available for RY.
  • News Sentiment

    Royal Bank of Canada has a news sentiment score of 0.83. 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 higher news sentiment than the 0.51 average news sentiment score of Financial Services companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Royal Bank of Canada this week, compared to 4 articles on an average week.
  • Search Interest

    84 people have searched for RY on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.
  • MarketBeat Follows

    18 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • 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.

  • Read more about Royal Bank of Canada's insider trading history.
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RY Stock News Headlines

FY2024 Earnings Forecast for TSE:RY Issued By Desjardins
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See More Headlines

RY Stock Analysis - Frequently Asked Questions

Royal Bank of Canada's stock was trading at C$134.00 at the beginning of 2024. Since then, RY shares have increased by 28.9% and is now trading at C$172.66.
View the best growth stocks for 2024 here
.

Royal Bank of Canada (TSE:RY) released its quarterly earnings data on Wednesday, August, 28th. The financial services provider reported $3.26 EPS for the quarter, beating 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 net margin of 28.67% and a trailing twelve-month return on equity of 13.68%.

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.

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

Ex-Dividend for 8/23 Dividend
7/25/2024
Dividend Payable
8/23/2024
Last Earnings
8/28/2024
Ex-Dividend for 11/22 Dividend
10/24/2024
Today
11/07/2024
Dividend Payable
11/22/2024
Next Earnings (Confirmed)
12/04/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
Banking
CIK
N/A
Fax
N/A
Employees
91,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$163.38
High Stock Price Target
C$180.00
Low Stock Price Target
C$125.00
Potential Upside/Downside
-5.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
C$15.90 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$56.51 billion
Cash Flow
C$723.64 per share
Book Value
C$81.28 per share

Miscellaneous

Outstanding Shares
1,410,000,000
Free Float
N/A
Market Cap
C$243.45 billion
Optionable
Not Optionable
Beta
0.84
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This page (TSE:RY) was last updated on 11/8/2024 by MarketBeat.com Staff
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