Equities Analysts Issue Forecasts for TSE:RY FY2026 Earnings

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Analysts at Cormark boosted their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a research report issued to clients and investors on Thursday, December 5th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $13.87 for the year, up from their previous estimate of $13.82. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Several other brokerages also recently commented on RY. Bank of America raised their price objective on Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. BMO Capital Markets dropped their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday. Jefferies Financial Group dropped their price target 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 lifted their price target for the company from C$178.00 to C$180.00 in a research note on Friday, November 15th. Finally, Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada presently has a consensus rating of “Buy” and a consensus price target of C$176.58.

Royal Bank of Canada Trading Down 0.7 %

Shares of Royal Bank of Canada stock opened at C$178.27 on Friday. The company has a market capitalization of C$251.36 billion, a PE ratio of 15.79, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12 month low of C$123.44 and a 12 month high of C$180.45. The stock’s fifty day simple moving average is C$171.64 and its 200 day simple moving average is C$158.94.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be issued a $1.48 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 3.32%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.31%.

Insider Activity

In related news, Senior Officer Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$167.91, for a total transaction of C$1,679,100.00. Following the completion of the transaction, the insider now owns 25 shares in the company, valued at approximately C$4,197.75. This trade represents a 99.75 % decrease in their ownership of the stock. Insiders sold 44,918 shares of company stock worth $7,518,149 in the last quarter.

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.