Royal Bank of Canada (RY) Given News Sentiment Score of 0.26
Press coverage about Royal Bank of Canada (NYSE:RY) (TSE:RY) has trended positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Bank of Canada earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.6380806779369 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Exclusive: Canada’s CIBC plans U.S. listing of $2 billion Caribbean … – Reuters Canada (ca.reuters.com)
- Royal Bank of Canada (RY) and Banco Bradesco (BBD) Critical Comparison (americanbankingnews.com)
- Reviewing Royal Bank of Canada (RY) & The Competition (americanbankingnews.com)
- Royal Bank Of Canada (RY) versus The Competition Head to Head Analysis (americanbankingnews.com)
- Is Royal Bank of Canada (RY) Stock a Good Value Pick Now? – Nasdaq (nasdaq.com)
Royal Bank of Canada (NYSE:RY) traded up $0.24 during trading on Thursday, reaching $79.59. 1,170,500 shares of the company’s stock were exchanged, compared to its average volume of 978,960. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $115,287.46, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. Royal Bank of Canada has a 52-week low of $66.66 and a 52-week high of $80.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is 49.83%.
RY has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $102.00 price objective on shares of Royal Bank of Canada in a research report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Macquarie initiated coverage on shares of Royal Bank of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating for the company. BidaskClub raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Canaccord Genuity reissued a “hold” rating and set a $105.00 target price on shares of Royal Bank of Canada in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $97.75.
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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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