Royal Bank of Canada (NYSE: RY) has received a consensus rating of "Moderate Buy" from thirteen analysts covering the stock. The ratings are split, with five analysts recommending a hold, seven suggesting a buy, and one advising a strong buy. The average twelve-month price target among these analysts is $225.00.
The stock opened at $201.17 on Friday, with a market capitalization of $278.42 billion. Key financial metrics include a debt-to-equity ratio of 0.10, a current ratio of 0.81, and a quick ratio of 0.81. The stock's 50-day moving average is $202.23, while the 200-day moving average stands at $197.70. Over the past year, the stock has ranged from a low of $143.38 to a high of $218.57.
Royal Bank of Canada recently reported quarterly earnings of $3.07 per share, exceeding analyst estimates of $2.89 by $0.18. The company's revenue for the quarter was $13.22 billion, surpassing expectations of $12.98 billion. The net margin was 16.17%, and the return on equity was 17.79%. Analysts predict an earnings per share of 11.83 for the current fiscal year.
The bank also announced a quarterly dividend of C$1.76 per share, payable on November 24th to shareholders of record on October 26th. This represents an annualized dividend of $7.04 and a yield of 3.5%. The dividend payout ratio is 43.39%. Several hedge funds have recently adjusted their positions in Royal Bank of Canada, with some purchasing new stakes and others increasing their holdings.