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.

Many analysts weighed in on price targets for RY. The maximum price target given was 73, implying a possible profit of -1.89 percent. The lowest price target was 73, which equates to a potential downside 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.36 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.76 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.81 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.91 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 1 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, 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. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. RY has a PEG ratio of -0.41.

RY has a 52-week high of 76.01 and a 52-week low of 59.88. Currently the stock is 24.27 percent higher than its low, and 2.1 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.