Royal Bank of Canada (RY) Set to Announce Earnings on Wednesday

Royal Bank of Canada (NYSE:RY) (TSE:RY) will be announcing its earnings results before the market opens on Wednesday, December 4th. Analysts expect the company to announce earnings of $2.20 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock opened at $125.67 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $123.61 and a 200 day simple moving average of $115.48. Royal Bank of Canada has a fifty-two week low of $88.49 and a fifty-two week high of $126.96. The firm has a market cap of $177.66 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.86 and a beta of 0.86.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RY shares. BMO Capital Markets upped their target price on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.50.

About Royal Bank of Canada

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.