RBC Capital Reaches New 1-Year High at $70.03 (RY)
Shares of RBC Capital (NYSE:RY) hit a new 52-week high on Friday , AnalystRatingsNetwork reports. The company traded as high as $70.03 and last traded at $69.69, with a volume of 129,888 shares traded. The stock had previously closed at $69.34.
Several analysts have recently commented on the stock. Analysts at CIBC downgraded shares of RBC Capital from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. Analysts at Canaccord Genuity initiated coverage on shares of RBC Capital in a research note on Thursday, May 1st. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.17.
The stock’s 50-day moving average is $68.19 and its 200-day moving average is $65.95. The company has a market cap of $100.5 billion and a P/E ratio of 12.98.
RBC Capital (NYSE:RY) last released its earnings data on Thursday, May 22nd. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.05. The company had revenue of $8.27 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that RBC Capital will post $6.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.6529 per share. This represents a $2.61 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, July 22nd.
Royal Bank of Canada is a Canada-based banking company. The Company is a diversified financial services company, and provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
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