Cormark Reduces Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Cormark dropped their FY2025 EPS estimates for Royal Bank of Canada in a research note issued on Thursday, December 5th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $12.81 per share for the year, down from their prior estimate of $12.91. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

A number of other analysts have also recently weighed in on the stock. National Bankshares boosted their target price on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Bank of America lifted their price target on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a report on Thursday, August 29th. Barclays upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. BMO Capital Markets cut their price target on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Finally, CIBC lifted their price target on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$176.58.

Royal Bank of Canada Stock Performance

TSE RY opened at C$178.47 on Monday. The firm’s fifty day moving average price is C$172.06 and its two-hundred day moving average price is C$159.40. The stock has a market cap of C$251.64 billion, a PE ratio of 15.81, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$124.49 and a fifty-two week high of C$180.45.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 17,000 shares of Royal Bank of Canada stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$167.95, for a total value of C$2,855,150.00. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at approximately C$4,198.75. The trade was a 99.85 % decrease in their ownership of the stock. Insiders have sold a total of 34,648 shares of company stock worth $5,811,275 over the last quarter.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a $1.48 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 3.32%. Royal Bank of Canada’s payout ratio is presently 50.31%.

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.