Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Stock analysts at Desjardins upped their FY2018 earnings per share estimates for shares of Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. Desjardins analyst D. Young now anticipates that the financial services provider will earn $6.21 per share for the year, up from their prior estimate of $6.15.

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

Royal Bank Of Canada (NYSE:RY) opened at $79.81 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Royal Bank Of Canada has a one year low of $65.58 and a one year high of $80.98. The company has a market cap of $115,955.79, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.80 and a beta of 1.07.

Several hedge funds and other institutional investors have recently bought and sold shares of RY. Proficio Capital Partners LLC raised its holdings in Royal Bank Of Canada by 1.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after buying an additional 26 shares during the period. Quadrant Capital Group LLC raised its holdings in Royal Bank Of Canada by 4.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after buying an additional 65 shares during the period. Parallel Advisors LLC raised its holdings in Royal Bank Of Canada by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,179 shares of the financial services provider’s stock valued at $312,000 after buying an additional 106 shares during the period. Investment Management of Virginia LLC increased its stake 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 purchasing an additional 121 shares during the period. Finally, First Allied Advisory Services Inc. increased its stake 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 purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 40.54% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given 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 dividend yield of 3.59%. Royal Bank Of Canada’s dividend payout ratio is currently 49.83%.

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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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