Royal Bank of Canada (NYSE:RY) (TSE:RY) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $100.33.

A number of analysts have commented on RY shares. Scotiabank upgraded shares of Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 10th. Scotia Howard Weill upgraded shares of Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, September 10th. Howard Weil upgraded shares of Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, September 10th. ValuEngine cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Royal Bank of Canada by 26.0% during the 2nd quarter. Morgan Stanley now owns 1,241,329 shares of the financial services provider’s stock worth $93,472,000 after buying an additional 256,051 shares during the last quarter. Highstreet Asset Management Inc. increased its position in Royal Bank of Canada by 26.0% during the second quarter. Highstreet Asset Management Inc. now owns 1,551,694 shares of the financial services provider’s stock worth $116,839,000 after acquiring an additional 320,498 shares during the period. PCJ Investment Counsel Ltd. increased its position in Royal Bank of Canada by 14.3% during the second quarter. PCJ Investment Counsel Ltd. now owns 1,842,825 shares of the financial services provider’s stock worth $138,676,000 after acquiring an additional 229,990 shares during the period. Natixis increased its position in Royal Bank of Canada by 40.7% during the second quarter. Natixis now owns 49,505 shares of the financial services provider’s stock worth $3,693,000 after acquiring an additional 14,320 shares during the period. Finally, First American Bank bought a new position in Royal Bank of Canada during the third quarter worth about $2,923,000. Institutional investors own 40.06% of the company’s stock.

Royal Bank of Canada stock traded down $0.81 during mid-day trading on Monday, reaching $72.61. The company’s stock had a trading volume of 535,256 shares, compared to its average volume of 815,472. The company has a market cap of $105.48 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Royal Bank of Canada has a 12 month low of $71.01 and a 12 month high of $87.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 22nd. The financial services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.39 billion. Royal Bank of Canada had a net margin of 21.48% and a return on equity of 18.11%. On average, equities research analysts forecast that Royal Bank of Canada will post 6.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 25th will be paid a dividend of $0.753 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, October 24th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.73. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 50.17%.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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

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