TD Securities upgraded shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) from a hold rating to a buy rating in a research note released on Monday.

Several other research analysts have also issued reports on the company. Credit Suisse Group AG reissued an outperform rating on shares of Royal Bank Of Canada in a research report on Monday, November 14th. Zacks Investment Research downgraded Royal Bank Of Canada from a hold rating to a sell rating in a research note on Saturday, November 12th. Bank of America Corp. initiated coverage on Royal Bank Of Canada in a research note on Tuesday, November 1st. They issued an underperform rating on the stock. Barclays PLC restated a sell rating on shares of Royal Bank Of Canada in a research note on Thursday, October 27th. Finally, Canaccord Genuity upgraded Royal Bank Of Canada from a hold rating to a buy rating in a research note on Thursday, October 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $83.70.

Analyst Recommendations for Royal Bank Of Canada (NYSE:RY)

Shares of Royal Bank Of Canada (NYSE:RY) traded up 0.15% during mid-day trading on Monday, reaching $66.47. The company had a trading volume of 316,462 shares. Royal Bank Of Canada has a one year low of $44.37 and a one year high of $67.07. The company has a market capitalization of $98.63 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19. The company has a 50 day moving average price of $62.83 and a 200 day moving average price of $61.49.

Royal Bank Of Canada (NYSE:RY) last announced its earnings results on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.39. Royal Bank Of Canada had a return on equity of 16.36% and a net margin of 22.91%. The firm earned $10.26 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $1.66 EPS. On average, analysts anticipate that Royal Bank Of Canada will post $5.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 24th. Shareholders of record on Wednesday, October 26th will be issued a dividend of $0.6449 per share. The ex-dividend date of this dividend is Monday, October 24th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a yield of 3.89%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 50.60%.

A number of large investors have recently bought and sold shares of the stock. Cypress Wealth Advisors LLC boosted its stake in Royal Bank Of Canada by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 5,096 shares of the company’s stock worth $323,000 after buying an additional 22 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Royal Bank Of Canada by 1.0% in the third quarter. Checchi Capital Advisers LLC now owns 5,190 shares of the company’s stock valued at $322,000 after buying an additional 51 shares during the period. Community Bank N.A. boosted its stake in shares of Royal Bank Of Canada by 1.1% in the second quarter. Community Bank N.A. now owns 9,215 shares of the company’s stock valued at $545,000 after buying an additional 100 shares during the period. Fifth Third Bancorp boosted its stake in shares of Royal Bank Of Canada by 0.9% in the second quarter. Fifth Third Bancorp now owns 10,645 shares of the company’s stock valued at $629,000 after buying an additional 100 shares during the period. Finally, Heathbridge Capital Management Ltd. boosted its stake in shares of Royal Bank Of Canada by 1.0% in the third quarter. Heathbridge Capital Management Ltd. now owns 10,905 shares of the company’s stock valued at $676,000 after buying an additional 107 shares during the period. 45.40% of the stock is currently owned by institutional investors and hedge funds.

About Royal Bank Of Canada

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. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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