Press coverage about Royal Bank of Canada (NYSE:RY) (TSE:RY) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Bank of Canada earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.6966369259542 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 news articles that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Royal Bank of Canada (NYSE:RY) traded down $0.69 during mid-day trading on Friday, reaching $78.74. The company’s stock had a trading volume of 610,200 shares, compared to its average volume of 989,767. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. Royal Bank of Canada has a 12 month low of $62.92 and a 12 month high of $80.98. The firm has a market capitalization of $115,803.70, a P/E ratio of 14.36, a P/E/G ratio of 2.18 and a beta of 1.08.
Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.01). The business had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. Royal Bank of Canada had a return on equity of 16.52% and a net margin of 28.00%. During the same quarter in the prior year, the firm posted $1.72 earnings per share. analysts anticipate that Royal Bank of Canada will post 6.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.724 per share. The ex-dividend date of this dividend is Wednesday, October 25th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a dividend yield of 3.68%. Royal Bank of Canada’s payout ratio is currently 52.54%.
Several research analysts have commented on RY shares. Zacks Investment Research lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Macquarie started coverage on Royal Bank of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating on the stock. BidaskClub raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Canaccord Genuity started coverage on Royal Bank of Canada in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Finally, Howard Weil lowered Royal Bank of Canada to a “sector perform” rating in a research report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.00.
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Royal Bank of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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