Royal Bank of Canada (RY) Earning Somewhat Critical Press Coverage, Analysis Finds

Press coverage about Royal Bank of Canada (TSE:RY) (NYSE:RY) has trended somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Canada earned a daily sentiment score of -1.00 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 1 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Royal Bank of Canada’s ranking:

RY opened at C$94.56 on Friday. Royal Bank of Canada has a fifty-two week low of C$93.13 and a fifty-two week high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Wednesday, November 28th. The financial services provider reported C$2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.12 by C$0.12. The company had revenue of C$10.67 billion for the quarter, compared to analysts’ expectations of C$11.13 billion. As a group, research analysts expect that Royal Bank of Canada will post 9.6100002540715 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Thursday, January 24th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, January 23rd. This represents a $3.92 dividend on an annualized basis and a yield of 4.15%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.87%.

RY has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of Royal Bank of Canada from C$104.00 to C$99.00 in a research note on Friday, November 16th. National Bank Financial raised their price target on shares of Royal Bank of Canada from C$109.00 to C$111.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. CIBC raised their price target on shares of Royal Bank of Canada from C$109.00 to C$110.00 in a research report on Thursday, August 23rd. BMO Capital Markets raised their price target on shares of Royal Bank of Canada from C$106.00 to C$110.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. Finally, Eight Capital raised their price target on shares of Royal Bank of Canada from C$119.00 to C$122.00 in a research report on Thursday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$110.89.

In other news, Director David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock in a transaction dated Monday, September 24th. The shares were sold at an average price of C$104.14, for a total value of C$1,070,767.48. Also, insider Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of C$98.06, for a total transaction of C$980,600.00. Insiders have sold 44,081 shares of company stock valued at $4,369,460 in the last 90 days.

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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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