Royal Bank Of Canada (RY) Shares Down 1.4%
Royal Bank Of Canada (NYSE:RY) traded down 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 equities research analysts have recently issued reports on the company. TD Securities restated a “hold” rating and set a $81.00 price objective (up previously from $79.00) on shares of Royal Bank Of Canada in a report on Friday, May 27th. Canaccord Genuity restated a “hold” rating on shares of Royal Bank Of Canada in a report on Tuesday, July 19th. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Credit Suisse Group AG restated a “buy” rating on shares of Royal Bank Of Canada in a report on Saturday, June 4th. Finally, Citigroup Inc. restated a “buy” rating and set a $88.00 price objective (down previously from $89.00) on shares of Royal Bank Of Canada in a report on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $77.27.
The stock has a market capitalization of $90.08 billion and a price-to-earnings ratio of 11.77. The company’s 50-day moving average is $60.60 and its 200 day moving average is $56.57.
Royal Bank Of Canada (NYSE:RY) last posted its quarterly earnings data on Thursday, May 26th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The firm earned $9.53 billion during the quarter, compared to analysts’ expectations of $9.51 billion. During the same quarter last year, the business posted $1.68 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Royal Bank Of Canada will post $5.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Tuesday, July 26th will be paid a $0.6163 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.59. The ex-dividend date is Friday, July 22nd. This represents a $2.47 annualized dividend and a 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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