Press coverage about Royal Bank of Canada (TSE:RY) (NYSE:RY) has been trending somewhat positive recently, according to InfoTrie. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a daily sentiment score of 1.02 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 8 out of 10, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Royal Bank of Canada’s analysis:
- Forget Black Swan, Just Look to the Mandarin Duck: Taking Stock (finance.yahoo.com)
- Desjardins Comments on Royal Bank of Canada’s FY2018 Earnings (RY) (americanbankingnews.com)
- Royal Bank of Canada (RY) Receives Daily News Sentiment Rating of 1.72 (americanbankingnews.com)
- [$$] Direct Line posts fall in premium income in challenging market (finance.yahoo.com)
Shares of TSE:RY traded down C$0.64 during trading on Friday, hitting C$95.95. 2,189,500 shares of the company were exchanged, compared to its average volume of 2,193,425. Royal Bank of Canada has a 1-year low of C$93.13 and a 1-year high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Wednesday, August 22nd. The financial services provider reported C$2.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.11 by C$0.03. The company had revenue of C$11.03 billion during the quarter, compared to analyst estimates of C$10.75 billion. On average, sell-side analysts anticipate that Royal Bank of Canada will post 9.0100006436381 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Thursday, October 25th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.09%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, October 24th. Royal Bank of Canada’s dividend payout ratio is presently 45.97%.
RY has been the subject of several research analyst reports. CIBC upped their price target on shares of Royal Bank of Canada from C$109.00 to C$110.00 in a report on Thursday, August 23rd. Eight Capital upped their price target on shares of Royal Bank of Canada from C$119.00 to C$122.00 in a report on Thursday, August 23rd. BMO Capital Markets upped their price target on shares of Royal Bank of Canada from C$106.00 to C$110.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Finally, National Bank Financial upped their price target on shares of Royal Bank of Canada from C$109.00 to C$111.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$111.80.
In related news, insider Alex Douglas Mcgregor sold 20,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of C$104.04, for a total value of C$2,080,800.00. Also, insider Helena Gottschling sold 1,079 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of C$103.48, for a total value of C$111,654.92. Over the last 90 days, insiders purchased 900 shares of company stock valued at $69,849 and sold 64,083 shares valued at $6,589,793.
About Royal Bank of Canada
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.
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