Royal Bank Of Canada (NYSE:RY) Valuation According To Analysts

Royal Bank Of Canada lifted their target price on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Thursday, August 31st. Cormark analyst M. Grauman now forecasts that the financial services provider will post earnings of $6.10 per share for the year, up from their prior estimate of $5.57. National Bank of Canada has a 52-week low of $45.11 and a 52-week high of $59.12. The rating was maintained by TD Securities on Monday, April 3 with "Buy". The financial services provider reported $1.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.42 by $0.01. Royal Bank of Canada (NYSE:RY) has risen 16.29% since September 13, 2016 and is uptrending. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. Moreover, Eton Park Capital Mngmt Lp has 0.5% invested in Imperva Inc (NASDAQ:IMPV) for 661,980 shares. Hsbc Holdings PLC owned 0.05% of Royal Bank Of Canada worth $47,146,000 as of its most recent filing with the SEC. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of US & worldwide trademark and copyright law. The correct version of this story can be accessed at

A number of other brokerages also recently weighed in on RY.

Based on the latest notes released to investors, 0 analysts have issued a rating of "buy", 4 analysts "outperform", 2 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". The company was maintained on Thursday, August 25 by Argus Research. Finally, Guggenheim assumed coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. The firm earned "Hold" rating on Thursday, December 1 by Rafferty. The firm has "Outperform" rating given on Thursday, August 27 by Scotia Capital. Citigroup maintained it with "Buy" rating and $89 target in Monday, August 15 report. The firm earned "Market Perform" rating on Thursday, August 24 by BMO Capital Markets. The stock of Royal Bank of Canada (NYSE:RY) has "Mkt Perform" rating given on Monday, February 27 by Keefe Bruyette & Woods. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.

The stock's 50 day moving average is 74.18 and its 200 day moving average is 72.11. TD Asset Management Inc. boosted its stake in Royal Bank Of Canada by 1.5% in the second quarter. Citigroup maintained the shares of RY in report on Wednesday, September 14 with "Buy" rating. The United Bank Inc holds 41,055 shares with $4.26M value, up from 38,101 last quarter. Argus Research initiated the shares of RY in report on Friday, July 1 with "Buy" rating. FMR LLC now owns 32,153,083 shares of the financial services provider's stock valued at $2,342,604,000 after buying an additional 596,315 shares during the period. BOKF NA acquired a new stake in shares of Royal Bank Of Canada during the third quarter valued at about $210,000.

05/21/2015 - Royal Bank Of Canada was upgraded to "buy" by analysts at Zacks. Argus Research has "Buy" rating and $73 target. Following the completion of the sale, the senior vice president now owns 44,835 shares of the company's stock, valued at approximately $2,163,737.10.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, January 26th will be issued a dividend of $0.6152 per share. The ex-dividend date is Wednesday, October 25th.

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