Royal Bank of Canada (RY) Earning Somewhat Favorable Press Coverage, Study Finds

News coverage about Royal Bank of Canada (NYSE:RY) (TSE:RY) has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Canada earned a coverage optimism score of 1.05 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have impacted Royal Bank of Canada’s ranking:

Several equities analysts have commented on the stock. Scotiabank restated an “average” rating and issued a $115.00 price target on shares of Royal Bank of Canada in a research note on Sunday. ValuEngine raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Barclays reaffirmed a “sell” rating on shares of Royal Bank of Canada in a research report on Wednesday, November 28th. Argus decreased their price objective on shares of Royal Bank of Canada to $89.00 and set a “positive” rating for the company in a research report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.00.

Royal Bank of Canada stock opened at $72.97 on Thursday. The firm has a market cap of $105.15 billion, a PE ratio of 11.17, a PEG ratio of 1.48 and a beta of 1.15. Royal Bank of Canada has a 12-month low of $69.99 and a 12-month high of $87.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.91.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, November 28th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.10. The business had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $11.14 billion. Royal Bank of Canada had a net margin of 21.60% and a return on equity of 18.09%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. As a group, sell-side analysts forecast that Royal Bank of Canada will post 6.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, January 24th will be given a dividend of $0.745 per share. The ex-dividend date is Wednesday, January 23rd. This represents a $2.98 annualized dividend and a dividend yield of 4.08%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 46.55%.

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About Royal Bank of Canada

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.

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