Royal Bank of Canada (RY) Earns Daily Media Impact Score of 0.16

Press coverage about Royal Bank of Canada (NYSE:RY) (TSE:RY) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Bank of Canada earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.4630048750993 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

RY has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Royal Bank of Canada from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Wednesday, February 28th. ValuEngine downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. National Bank Financial raised shares of Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 4th. Finally, Macquarie raised Royal Bank of Canada from an “underperform” rating to a “neutral” rating in a research report on Friday, June 8th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Royal Bank of Canada has a consensus rating of “Hold” and a consensus price target of $97.20.

Shares of Royal Bank of Canada opened at $75.67 on Friday, reports. The firm has a market cap of $108.54 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Royal Bank of Canada has a 12-month low of $70.35 and a 12-month high of $87.10.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, May 24th. The financial services provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.95 billion. Royal Bank of Canada had a net margin of 21.75% and a return on equity of 17.76%. analysts predict that Royal Bank of Canada will post 6.55 earnings per share for the current year.

Royal Bank of Canada announced that its board has approved a stock repurchase plan on Friday, February 23rd that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, July 26th will be issued a dividend of $0.7296 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 25th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 48.84%.

Royal Bank of Canada Company Profile

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

Insider Buying and Selling by Quarter for Royal Bank of Canada (NYSE:RY)

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