Cormark Comments on Royal Bank Of Canada’s Q1 2018 Earnings (RY)

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Stock analysts at Cormark issued their Q1 2018 earnings per share estimates for Royal Bank Of Canada in a research note issued on Wednesday. Cormark analyst M. Grauman expects that the financial services provider will post earnings of $1.58 per share for the quarter. Cormark also issued estimates for Royal Bank Of Canada’s Q2 2018 earnings at $1.57 EPS, Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.63 EPS, Q1 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $6.90 EPS.

Several other research analysts have also recently issued reports on RY. Zacks Investment Research raised Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Howard Weil downgraded shares of Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Scotiabank downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 21st. Finally, Macquarie assumed coverage on shares of Royal Bank Of Canada in a research note on Tuesday, October 24th. They set an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $93.60.

Royal Bank Of Canada (NYSE RY) opened at $79.81 on Monday. The stock has a market capitalization of $116,357.70, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. Royal Bank Of Canada has a twelve month low of $65.58 and a twelve month high of $80.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 49.83%.

Large investors have recently made changes to their positions in the business. TD Asset Management Inc. increased its stake in shares of Royal Bank Of Canada by 1.1% in the third quarter. TD Asset Management Inc. now owns 41,729,683 shares of the financial services provider’s stock worth $3,221,184,000 after acquiring an additional 436,782 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Bank Of Canada by 4.1% in the second quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock worth $2,391,817,000 after acquiring an additional 1,303,290 shares during the last quarter. Jarislowsky Fraser Ltd increased its stake in shares of Royal Bank Of Canada by 0.8% in the third quarter. Jarislowsky Fraser Ltd now owns 16,449,799 shares of the financial services provider’s stock worth $1,269,791,000 after acquiring an additional 132,595 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Royal Bank Of Canada by 6.2% in the third quarter. Great West Life Assurance Co. Can now owns 13,119,435 shares of the financial services provider’s stock worth $1,012,699,000 after acquiring an additional 769,771 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Royal Bank Of Canada by 3.8% in the second quarter. Capital Research Global Investors now owns 11,683,000 shares of the financial services provider’s stock worth $848,297,000 after acquiring an additional 425,000 shares during the last quarter. 40.55% of the stock is currently owned by institutional investors.

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Royal Bank Of Canada Company Profile

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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