Royal Bank Of Canada (RY) Getting Somewhat Favorable Media Coverage, Accern Reports
Media headlines about Royal Bank Of Canada (NYSE:RY) (TSE:RY) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Royal Bank Of Canada earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 44.6991177020904 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- RBC names Disney top pick, seeing ESPN becoming less important (seekingalpha.com)
- RBC Global Asset Management Inc. announces September sales results for RBC Funds, PH&N Funds and BlueBay Funds and third quarter sales results for RBC ETFs (finance.yahoo.com)
- Lakeshore Trust — Moody’s Canadian ABCP activity for week ended 29 September 2017 (finance.yahoo.com)
- In oil market’s ‘Game of Thrones,’ Putin is Littlefinger climbing ladder of chaos, RBC analyst says (cnbc.com)
- Intelsat jumps 11% as RBC praises Intel C-band sharing (seekingalpha.com)
A number of analysts recently weighed in on RY shares. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, August 9th. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Canaccord Genuity started coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Scotiabank downgraded Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Finally, Howard Weil downgraded Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.00.
Shares of Royal Bank Of Canada (NYSE RY) traded down 0.60% during mid-day trading on Monday, reaching $77.78. The company has a market cap of $113.40 billion, a PE ratio of 12.91 and a beta of 1.06. The stock’s 50-day moving average price is $75.59 and its 200-day moving average price is $72.65. Royal Bank Of Canada has a 52-week low of $60.92 and a 52-week high of $78.66.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. The company had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. Equities research analysts forecast that Royal Bank Of Canada will post $5.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be given a dividend of $0.724 per share. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $2.90 annualized dividend and a dividend yield of 3.72%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.64. Royal Bank Of Canada’s payout ratio is currently 50.36%.
Royal Bank Of Canada Company Profile
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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