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 potential capital gains of -1.89 percent. The most pessimistic price target was 73, which equates to a potential downside of -1.89 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. 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, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of RY to grow at a rate of -24.93 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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 2.1 percent lower than its 52-week high. RY has a price/earnings 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 market cap of RY is $135.85 billion. RY's next earnings release will be on 0000-00-00, which is days away.