Brokerages Set Royal Bank Of Canada (NYSE:RY) Price Target at $225.00

Shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $225.00.

Several equities analysts recently issued reports on RY shares. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Argus set a $225.00 price objective on Royal Bank Of Canada in a report on Thursday, June 11th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. Finally, Raymond James Financial lowered Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th.

Trending Headlines about Royal Bank Of Canada

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: Moneris sale adds capital flexibility: RBC and BMO agreed to sell payments processor Moneris Solutions to Francisco Partners for approximately C$2 billion (US$1.4 billion) in cash. The transaction should provide RBC with additional capital for lending, investments, acquisitions or shareholder returns, while allowing it to exit a non-core asset. RBC announces sale of Moneris to Francisco Partners
• Positive Sentiment: Analysts raised earnings forecasts: Erste Group increased its FY2026 EPS estimate for RY to $11.54 from $11.40 and its FY2027 estimate to $12.57 from $12.41. The revisions signal improved expectations for the bank’s earnings outlook and are above the cited FY2026 consensus estimate of $11.41. Royal Bank of Canada earnings estimate revisions
• Neutral Sentiment: Moneris transaction details: Reports describe the deal as a cash sale to Francisco Partners following more than 25 years of ownership by RBC and BMO. The sale’s ultimate effect on recurring revenue and earnings will depend on how RBC redeploys the proceeds. RBC and BMO sell Moneris
• Neutral Sentiment: Other headlines have limited direct valuation impact: RBC CEO Dave McKay’s planned participation in a Milken Toronto event and an RBC Foundation education initiative are unlikely to materially affect near-term earnings, while reports involving CAVA, RBC Bearings or Serco concern different companies or advisory roles rather than Royal Bank of Canada operations.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $213.26 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $295.71 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.67 and a beta of 0.80. The company’s fifty day moving average is $206.57 and its two-hundred day moving average is $184.65. Royal Bank Of Canada has a 52-week low of $135.04 and a 52-week high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.74 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts forecast that Royal Bank Of Canada will post 11.45 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be issued a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 annualized dividend and a yield of 3.3%. Royal Bank Of Canada’s payout ratio is presently 44.56%.

Hedge Funds Weigh In On Royal Bank Of Canada

A number of hedge funds have recently made changes to their positions in RY. Brighton Jones LLC boosted its position in shares of Royal Bank Of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 575 shares in the last quarter. AQR Capital Management LLC increased its stake in Royal Bank Of Canada by 60.9% in the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after acquiring an additional 4,460 shares during the period. Sivia Capital Partners LLC raised its position in Royal Bank Of Canada by 57.7% in the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares in the last quarter. Baird Financial Group Inc. raised its position in Royal Bank Of Canada by 39.1% in the second quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 3,811 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Royal Bank Of Canada by 9.0% during the second quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock worth $6,279,000 after purchasing an additional 3,928 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.