Royal Bank Of Canada (RY) Stock Price Down 1.4%
Shares of Royal Bank Of Canada (NYSE:RY) fell 1.4% during mid-day trading on Friday . The company traded as low as $60.35 and last traded at $60.57, with a volume of 496,742 shares traded. The stock had previously closed at $61.44.
A number of research firms have issued reports on RY. Canaccord Genuity reissued a “hold” rating on shares of Royal Bank Of Canada in a research report on Tuesday. Bank of America Corp. reissued an “underperform” rating on shares of Royal Bank Of Canada in a research report on Tuesday, July 12th. Argus began coverage on Royal Bank Of Canada in a research report on Friday, July 1st. They issued a “buy” rating and a $69.00 target price for the company. Credit Suisse Group AG reissued a “buy” rating on shares of Royal Bank Of Canada in a research report on Saturday, June 4th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $88.00 target price (down from $89.00) on shares of Royal Bank Of Canada in a research report on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.27.
The stock’s 50 day moving average is $60.60 and its 200-day moving average is $56.51. The firm has a market capitalization of $90.08 billion and a P/E ratio of 11.77.
Royal Bank Of Canada (NYSE:RY) last released its quarterly earnings data on Thursday, May 26th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. During the same period last year, the company posted $1.68 earnings per share. The business earned $9.53 billion during the quarter, compared to the consensus estimate of $9.51 billion. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Royal Bank Of Canada will post $6.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Tuesday, July 26th will be issued a dividend of $0.6163 per share. The ex-dividend date is Friday, July 22nd. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.59. This represents a $2.47 annualized dividend and a dividend yield of 4.07%.
Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.
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