RBC Capital Reaches New 1-Year High at $74.82 (RY)
RBC Capital (NYSE:RY) reached a new 52-week high during trading on Tuesday , American Banking News reports. The company traded as high as $74.82 and last traded at $74.62, with a volume of 410,821 shares. The stock had previously closed at $73.88.
A number of analysts have recently weighed in on RY shares. Analysts at Barclays reiterated an “equal weight” rating on shares of RBC Capital in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $79.00. 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. RBC Capital presently has a consensus rating of “Buy” and an average target price of $74.17.
The stock has a 50-day moving average of $73.2 and a 200-day moving average of $68.1. The company has a market cap of $107.4 billion and a price-to-earnings ratio of 13.89.
RBC Capital (NYSE:RY) last released its earnings data on Thursday, May 22nd. The company reported $1.47 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that RBC Capital will post $6.03 earnings per share for the current fiscal year.
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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