Desjardins Research Analysts Lower Earnings Estimates for RY

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Research analysts at Desjardins dropped their FY2025 earnings per share estimates for shares of Royal Bank Of Canada in a research note issued on Tuesday, November 11th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $10.05 per share for the year, down from their previous estimate of $10.19. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. The firm had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.26 EPS.

A number of other equities analysts also recently weighed in on RY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. CIBC downgraded Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Finally, Argus raised their price target on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Hold” and an average price target of $177.50.

Royal Bank Of Canada Stock Performance

RY opened at $146.69 on Friday. The business has a fifty day simple moving average of $146.31 and a 200-day simple moving average of $135.88. The firm has a market cap of $205.90 billion, a PE ratio of 15.49, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $149.44.

Institutional Trading of Royal Bank Of Canada

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Royal Bank Of Canada by 2.0% during the third quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock worth $9,777,472,000 after buying an additional 1,329,637 shares during the last quarter. TD Asset Management Inc increased its position in shares of Royal Bank Of Canada by 0.9% in the second quarter. TD Asset Management Inc now owns 31,812,382 shares of the financial services provider’s stock worth $4,184,220,000 after purchasing an additional 296,978 shares during the last quarter. Norges Bank bought a new stake in Royal Bank Of Canada in the 2nd quarter worth approximately $2,599,262,000. Bank of Nova Scotia increased its stake in Royal Bank Of Canada by 8.0% in the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock worth $1,892,975,000 after purchasing an additional 1,249,589 shares during the period. Finally, Canerector Inc. raised its position in Royal Bank Of Canada by 20,412.0% during the 3rd quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock valued at $1,964,188,000 after purchasing an additional 13,267,800 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.