Brokers Issue Forecasts for RY FY2026 Earnings

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Equities research analysts at Cormark issued their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a research note issued on Monday, November 25th. Cormark analyst L. Persaud anticipates that the financial services provider will post earnings of $9.95 per share for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.37 per share.

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

Royal Bank of Canada Stock Up 0.9 %

Shares of NYSE RY opened at $125.27 on Tuesday. The company has a 50 day simple moving average of $123.49 and a 200 day simple moving average of $115.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. Royal Bank of Canada has a 1 year low of $85.02 and a 1 year high of $126.96. The firm has a market cap of $177.09 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.23. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. The firm had revenue of $10.68 billion for the quarter, compared to analyst estimates of $10.40 billion.

Institutional Investors Weigh In On Royal Bank of Canada

A number of institutional investors have recently modified their holdings of RY. Capital Performance Advisors LLP acquired a new position in shares of Royal Bank of Canada in the 3rd quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in Royal Bank of Canada in the third quarter valued at approximately $25,000. Larson Financial Group LLC bought a new position in shares of Royal Bank of Canada during the 3rd quarter worth approximately $26,000. Ridgewood Investments LLC acquired a new stake in shares of Royal Bank of Canada during the 2nd quarter worth approximately $27,000. Finally, Grove Bank & Trust bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at $28,000. 45.31% of the stock is owned by institutional investors.

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.