Favorable News Coverage Somewhat Unlikely to Affect Royal Bank Of Canada (RY) Share Price
News headlines about Royal Bank Of Canada (NYSE:RY) (TSE:RY) have trended positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Royal Bank Of Canada earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 44.1199249739454 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- BidaskClub Upgrades Royal Bank Of Canada (RY) to Hold (americanbankingnews.com)
- Thunder Bay Funding LLC — Moody’s ABCP activity ending August 11, 2017 (finance.yahoo.com)
- Having financial “skin in the game” gives post-secondary students a confidence boost but lessons continue beyond graduation day: RBC Poll* (finance.yahoo.com)
- Royal Bank Of Canada (RY) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- Royal Bank of Canada : Publication of a Prospectus (4-traders.com)
Shares of Royal Bank Of Canada (NYSE RY) traded up 0.49% during mid-day trading on Friday, reaching $73.32. 975,789 shares of the company’s stock traded hands. The company has a market cap of $106.82 billion, a price-to-earnings ratio of 12.67 and a beta of 1.07. The company has a 50 day moving average of $74.22 and a 200 day moving average of $72.07. Royal Bank Of Canada has a 12 month low of $60.50 and a 12 month high of $76.01.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, May 25th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.08. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Analysts expect that Royal Bank Of Canada will post $5.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be issued a dividend of $0.6439 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, July 24th. Royal Bank Of Canada’s payout ratio is currently 49.36%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub raised shares of Royal Bank Of Canada from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. National Bank Financial reissued a “sector perform overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, May 18th. Finally, Canaccord Genuity began coverage on shares of Royal Bank Of Canada in a report on Tuesday, July 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Royal Bank Of Canada presently has an average rating of “Hold” and an average price target of $85.63.
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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