Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at National Bank Financial upped their FY2017 earnings estimates for shares of Royal Bank of Canada in a research report issued on Wednesday. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $7.58 per share for the year, up from their previous forecast of $7.49. National Bank Financial currently has a “Sector Perform” rating and a $99.00 target price on the stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q4 2017 earnings at $1.89 EPS, Q1 2018 earnings at $1.99 EPS, Q3 2018 earnings at $2.05 EPS, Q4 2018 earnings at $2.06 EPS and FY2018 earnings at $8.08 EPS.

RY has been the topic of several other research reports. Eight Capital lifted their price target on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday. Barclays PLC boosted their target price on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday. BMO Capital Markets reiterated a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a research note on Thursday. Finally, Scotiabank cut shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$102.00 to C$100.00 in a research note on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$99.75.

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Shares of Royal Bank of Canada (TSE RY) opened at 93.25 on Friday. Royal Bank of Canada has a 1-year low of $79.75 and a 1-year high of $99.90. The company has a market capitalization of $135.95 billion and a PE ratio of 12.74. The stock’s 50 day moving average is $93.80 and its 200 day moving average is $95.01.

In other news, Director David Ian Mckay sold 5,352 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of C$91.78, for a total transaction of C$491,206.56. Also, insider Alex Douglas Mcgregor sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total value of C$2,783,700.00. In the last quarter, insiders sold 46,116 shares of company stock worth $4,280,680.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be paid a $0.91 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 dividend on an annualized basis and a yield of 3.90%.

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.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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