Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at National Bank Financial issued their FY2019 earnings estimates for shares of Royal Bank Of Canada in a research report issued on Monday. National Bank Financial analyst G. Dechaine expects that the financial services provider will post earnings of $6.74 per share for the year.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note 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 on the stock. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Howard Weil cut shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, Scotiabank cut shares of Royal Bank Of Canada from an “outperform” rating 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 one has issued a buy rating to the stock. Royal Bank Of Canada presently has an average rating of “Hold” and an average price target of $80.00.

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Shares of Royal Bank Of Canada (NYSE RY) traded up $0.84 during trading hours on Wednesday, hitting $79.79. 728,565 shares of the stock traded hands, compared to its average volume of 976,088. The firm has a market cap of $116,600.00, a PE ratio of 14.27, a PEG ratio of 1.94 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. Royal Bank Of Canada has a one year low of $64.82 and a one year high of $80.98.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the business earned $1.72 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of RY. Quadrant Capital Group LLC raised its position in Royal Bank Of Canada by 4.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after buying an additional 65 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Royal Bank Of Canada during the 3rd quarter valued at approximately $153,000. Proficio Capital Partners LLC grew its stake in shares of Royal Bank Of Canada by 1.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 26 shares during the period. Asset Advisors Corp bought a new position in shares of Royal Bank Of Canada during the 3rd quarter valued at approximately $178,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank Of Canada during the 2nd quarter valued at approximately $191,000. 40.75% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Royal Bank Of Canada (NYSE:RY)

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