National Bank Financial Comments on TSE:RY FY2025 Earnings

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at National Bank Financial upped their FY2025 earnings estimates for Royal Bank of Canada in a research report issued to clients and investors on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $13.17 per share for the year, up from their previous forecast of $13.14. 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 commented on RY. BMO Capital Markets decreased their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Bank of America increased their target price on Royal Bank of Canada from C$162.00 to C$180.00 in a report on Thursday, August 29th. Jefferies Financial Group decreased their price target on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Barclays upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Buy” and a consensus target price of C$176.58.

Royal Bank of Canada Trading Up 0.2 %

Shares of TSE RY opened at C$178.63 on Monday. The firm has a market capitalization of C$251.87 billion, a P/E ratio of 15.82, a P/E/G ratio of 3.42 and a beta of 0.84. The firm’s 50-day moving average price is C$172.06 and its 200-day moving average price is C$159.40. Royal Bank of Canada has a 1-year low of C$124.49 and a 1-year high of C$180.45.

Insiders Place Their Bets

In other news, Senior Officer Douglas Antony Guzman sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$166.96, for a total transaction of C$1,252,207.50. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at C$4,174.03. This trade represents a 99.67 % decrease in their position. In the last ninety days, insiders sold 34,648 shares of company stock valued at $5,811,275.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a dividend of $1.48 per share. 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 yield of 3.31%. Royal Bank of Canada’s payout ratio is 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.