Research Analysts Issue Forecasts for TSE:RY FY2026 Earnings

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Erste Group Bank upped their FY2026 earnings estimates for Royal Bank of Canada in a report released on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $15.86 per share for the year, up from their prior forecast of $15.68. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share. Erste Group Bank also issued estimates for Royal Bank of Canada’s FY2027 earnings at $17.22 EPS.

RY has been the topic of several other reports. Scotiabank increased their target price on Royal Bank of Canada from C$242.00 to C$247.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. National Bank Financial boosted their price target on Royal Bank of Canada from C$241.00 to C$247.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. TD Securities dropped their price target on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Canaccord Genuity Group lifted their price objective on Royal Bank of Canada from C$242.00 to C$255.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets boosted their target price on Royal Bank of Canada from C$229.00 to C$245.00 in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$244.58.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$219.85 on Thursday. Royal Bank of Canada has a 1 year low of C$151.25 and a 1 year high of C$240.34. The firm has a 50 day moving average price of C$228.65 and a 200 day moving average price of C$219.73. The company has a market cap of C$306.23 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 3.42 and a beta of 1.22.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share for the quarter. The company had revenue of C$17.96 billion for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.

About Royal Bank of Canada

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.