Royal Bank Of Canada (NYSE:RY) Getting Somewhat Positive News Coverage, Accern Reports
Headlines about Royal Bank Of Canada (NYSE:RY) (TSE:RY) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Royal Bank Of Canada earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 44.9948369585823 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Royal Bank Of Canada (RY) traded down 0.68% during midday trading on Wednesday, reaching $74.23. The company’s stock had a trading volume of 683,975 shares. The firm has a market capitalization of $108.15 billion, a PE ratio of 12.73 and a beta of 1.07. Royal Bank Of Canada has a 52 week low of $60.40 and a 52 week high of $76.01. The stock has a 50 day moving average of $73.58 and a 200 day moving average of $71.90.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 25th. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.34 by $0.08. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same quarter in the prior year, the firm posted $1.66 EPS. On average, equities research analysts predict that Royal Bank Of Canada will post $5.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a $0.6439 dividend. The ex-dividend date is Monday, July 24th. This represents a $2.58 annualized dividend and a yield of 3.47%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 49.36%.
RY has been the topic of several analyst reports. Zacks Investment Research upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub upgraded Royal Bank Of Canada from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, May 18th. Finally, Canaccord Genuity initiated coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Royal Bank Of Canada has a consensus rating of “Hold” and a consensus price target of $85.63.
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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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