Analyst Ratings for Royal Bank of Canada (RY)

Updated: 2017-07-28

Shares of Royal Bank of Canada (NYSE:RY) have received a consensus rating of Overweight from Wall Street analysts. Last month, RY received an average rating of Overweight.

16 analysts issued ratings on the stock, where 6 gave RY a buy rating, 0 issued an overweight rating, 8 gave a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for RY by the analysts covering the stock. The maximum price target given was 73, implying a possible profit of -1.89 percent. The minimum price target given was 73, implying a possible loss of -1.89 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0.36 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -1.76 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.81 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.91 percent.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of RY's earnings is estimated by analysts to be -24.93 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. RY has a PEG ratio of -0.41.

RY has traded between a high of 76.01 and a low of 59.88 over the past year. Currently the stock is 24.27 percent higher than its low, and below the high by 2.1 percent. RY has a P/E ratio of 10.12. Investors typically compare the P/E ratio to a company's peers in the industry. The RY value stock report compares RY to some of its peers using value stock charts. The stock has a market capitalization of $135.85 billion. RY will post this quarters earnings in days, on 0000-00-00.