Q1 2018 EPS Estimates for Royal Bank Of Canada (RY) Cut by Analyst

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities researchers at National Bank Financial lowered their Q1 2018 EPS estimates for Royal Bank Of Canada in a research note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $1.48 per share for the quarter, down from their previous estimate of $1.54. National Bank Financial also issued estimates for Royal Bank Of Canada’s Q4 2018 earnings at $1.55 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $6.70 EPS.

RY has been the topic of several other reports. Zacks Investment Research downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Macquarie started coverage on Royal Bank Of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating on the stock. Scotiabank reiterated a “hold” rating and set a $101.00 target price on shares of Royal Bank Of Canada in a research report on Wednesday, November 22nd. BMO Capital Markets reiterated a “hold” rating and set a $102.00 target price on shares of Royal Bank Of Canada in a research report on Wednesday. Finally, Canaccord Genuity reiterated a “hold” rating and set a $105.00 target price on shares of Royal Bank Of Canada in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Royal Bank Of Canada has an average rating of “Hold” and a consensus price target of $93.60.

Royal Bank Of Canada (RY) traded down $0.60 during mid-day trading on Friday, hitting $78.30. The stock had a trading volume of 1,453,400 shares, compared to its average volume of 977,090. The stock has a market cap of $116,230.00, a P/E ratio of 14.18, a P/E/G ratio of 1.95 and a beta of 1.08. Royal Bank Of Canada has a 52-week low of $64.82 and a 52-week high of $80.98. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14.

A number of large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC grew its position in Royal Bank Of Canada by 1.2% in the second quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 26 shares in the last quarter. Quadrant Capital Group LLC grew its position in Royal Bank Of Canada by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 65 shares in the last quarter. Parallel Advisors LLC grew its position in Royal Bank Of Canada by 2.6% in the second quarter. Parallel Advisors LLC now owns 4,179 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 106 shares in the last quarter. Investment Management of Virginia LLC grew its position in Royal Bank Of Canada by 0.9% in the second quarter. Investment Management of Virginia LLC now owns 13,506 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 121 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its position in Royal Bank Of Canada by 3.1% in the second quarter. First Allied Advisory Services Inc. now owns 5,039 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 151 shares in the last quarter. 40.55% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. The ex-dividend date is Wednesday, January 24th. This represents a $2.86 dividend on an annualized basis and a yield of 3.66%. Royal Bank Of Canada’s dividend payout ratio is presently 48.98%.

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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.

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

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