News headlines about Royal Bank of Canada (NYSE:RY) (TSE:RY) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public 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 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.6498161879646 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Head-To-Head Review: Royal Bank of Canada (RY) versus Intesa Sanpaolo (ISNPY) (americanbankingnews.com)
- Royal Bank of Canada (RY) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- Royal Bank of Canada (RY) Expected to Announce Earnings of $1.64 Per Share (americanbankingnews.com)
- RBC Says 5 Top Industrial Stocks Are Potential Takeover Candidates (feedproxy.google.com)
- Royal Bank of Canada (RY) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
RY has been the topic of a number of recent research reports. Zacks Investment Research raised Royal Bank of Canada from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Wednesday, February 14th. Bank of America raised Royal Bank of Canada from a “neutral” rating to a “buy” rating in a report on Tuesday, January 30th. Argus raised their target price on Royal Bank of Canada to $94.00 and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $97.60.
NYSE:RY traded down $0.80 on Monday, reaching $76.49. 721,983 shares of the company’s stock traded hands, compared to its average volume of 837,327. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.13. The stock has a market cap of $111,611.79, a PE ratio of 12.62, a P/E/G ratio of 1.38 and a beta of 1.14. Royal Bank of Canada has a 12 month low of $66.66 and a 12 month high of $87.10.
Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Friday, February 23rd. The financial services provider reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.15. The business had revenue of $10.83 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Royal Bank of Canada had a return on equity of 17.60% and a net margin of 21.64%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $1.83 earnings per share. sell-side analysts anticipate that Royal Bank of Canada will post 6.63 earnings per share for the current fiscal year.
Royal Bank of Canada announced that its board has approved a share buyback plan on Friday, February 23rd that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Wednesday, April 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Tuesday, April 24th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 3.87%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 47.52%.
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Royal Bank of Canada Company Profile
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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