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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RY, but not buy additional shares or sell existing shares.
View RY analyst ratings or view top-rated stocks.

6 analysts have issued 1 year price targets for Royal Bank of Canada's shares. Their RY share price forecasts range from $118.00 to $147.00. On average, they predict the company's share price to reach $138.33 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

Royal Bank of Canada's stock was trading at $94.02 at the beginning of the year. Since then, RY stock has increased by 0.2% and is now trading at $94.20.
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Royal Bank of Canada saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 22,900,000 shares, an increase of 68.8% from the March 31st total of 13,570,000 shares. Based on an average trading volume of 925,000 shares, the days-to-cover ratio is currently 24.8 days. Currently, 1.7% of the shares of the stock are short sold.
View Royal Bank of Canada's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our RY earnings forecast.

Royal Bank of Canada will be holding an earnings conference call on Thursday, May 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "1977175#".

Royal Bank of Canada (NYSE:RY) posted its quarterly earnings results on Wednesday, March, 1st. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.17 by $0.09. The financial services provider had revenue of $11.21 billion for the quarter, compared to analysts' expectations of $9.67 billion. Royal Bank of Canada had a trailing twelve-month return on equity of 16.17% and a net margin of 18.77%.

Royal Bank of Canada announced a quarterly dividend on Wednesday, March 1st. Stockholders of record on Tuesday, April 25th will be given a dividend of $0.992 per share on Wednesday, May 24th. This represents a $3.97 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Monday, April 24th. This is a positive change from the stock's previous quarterly dividend of $0.98.
Read our dividend analysis for RY.

ETFs with the largest weight of Royal Bank of Canada (NYSE:RY) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) and

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $3.91 per share and currently has a dividend yield of 4.12%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 42.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (1.92%), FIL Ltd (1.62%), Toronto Dominion Bank (1.52%), National Bank of Canada FI (1.31%), 1832 Asset Management L.P. (1.30%) and FMR LLC (1.13%).

Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RY stock can currently be purchased for approximately $94.20.

Royal Bank of Canada (NYSE:RY) has a market capitalization of $131.00 billion and generates $52.08 billion in revenue each year. The financial services provider earns $12.27 billion in net income (profit) each year or $8.05 on an earnings per share basis.

The company employs 91,427 workers across the globe.

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The official website for the company is www.rbc.com. The financial services provider can be reached via phone at (888) 212-5533, via email at invesrel@rbc.com, or via fax at 416-955-7800.