FY2025 EPS Estimates for TSE:RY Increased by Analyst

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Analysts at National Bank Financial upped their FY2025 EPS estimates for Royal Bank of Canada in a research report issued on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $13.17 per share for the year, up from their previous forecast of $13.14. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

A number of other research firms have also weighed in on RY. Bank of America lifted their price objective on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. BMO Capital Markets reduced their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Jefferies Financial Group decreased their price objective on Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. Finally, CIBC upped their price target on Royal Bank of Canada from C$167.00 to C$176.00 in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$176.58.

Royal Bank of Canada Stock Up 0.2 %

RY opened at C$178.63 on Monday. The company has a market capitalization of C$251.87 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 3.42 and a beta of 0.84. The firm has a 50-day moving average price of C$172.06 and a 200-day moving average price of C$159.40. Royal Bank of Canada has a twelve month low of C$124.49 and a twelve month high of C$180.45.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 3.31%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s dividend payout ratio is 50.31%.

Insider Activity at Royal Bank of Canada

In other news, Senior Officer Douglas Antony Guzman sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$167.91, for a total value of C$1,679,100.00. Following the completion of the transaction, the insider now directly owns 25 shares in the company, valued at approximately C$4,197.75. This represents a 99.75 % decrease in their position. Insiders have sold 34,648 shares of company stock valued at $5,811,275 over the last three months.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.