Cormark Expects Increased Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Cormark raised their FY2026 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a research report issued on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the financial services provider will earn $14.05 per share for the year, up from their previous forecast of $13.87. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

A number of other research analysts have also issued reports on the stock. Barclays upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. National Bankshares upped their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday, December 5th. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Jefferies Financial Group cut their price objective on Royal Bank of Canada from C$197.00 to C$192.00 in a report on Tuesday, February 18th. Finally, Scotiabank reduced their price objective on Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$180.50.

Royal Bank of Canada Stock Up 0.9 %

RY opened at C$170.69 on Monday. The firm’s 50-day moving average price is C$172.64 and its 200-day moving average price is C$169.24. The company has a market cap of C$241.53 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52-week low of C$130.44 and a 52-week high of C$180.45.

Insider Activity at Royal Bank of Canada

In related news, Director David Ian Mckay sold 20,304 shares of Royal Bank of Canada stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$3,555,721.76. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25. Over the last quarter, insiders have sold 22,150 shares of company stock worth $3,882,024.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 24th were issued a dividend of $1.48 per share. The ex-dividend date was Monday, January 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 3.47%. Royal Bank of Canada’s dividend payout ratio is 49.49%.

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.