$1.90 EPS Expected for Royal Bank of Canada (RY)

Wednesday, 29 Nov, 2017

NGAM Advisors L.P. now owns 31,698 shares of the financial services provider's stock worth $2,299,000 after buying an additional 1,011 shares during the period.

A number of equities research analysts have weighed in on RY shares. RBC had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Royal Bank of Canada (NYSE:RY) earned "Hold" rating by TD Securities on Monday, April 3.

In other Royal Bank of Canada news, insider Alex Douglas Mcgregor sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 19th. Finally, Virginia Retirement Systems ET AL boosted its stake in Royal Bank of Canada by 29.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Royal Bank of Canada by 15.4% in the first quarter. They expect $1.52 EPS, up 16.92 % or $0.22 from last year's $1.3 per share. TD Securities maintained Royal Bank of Canada (TSE:RY) rating on Thursday, December 1. Nwam LLC now owns 5,328 shares of the financial services provider's stock worth $386,000 after buying an additional 900 shares during the period. It also increased its holding in B2gold Corp (NYSEMKT:BTG) by 7.88M shares in the quarter, for a total of 12.27M shares, and has risen its stake in Varian Med Sys Inc (NYSE:VAR). Fiduciary Trust Co. bought a new position in shares of Royal Bank Of Canada during the third quarter worth about $294,000.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another website, it was copied illegally and republished in violation of worldwide trademark and copyright legislation. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2017/11/29/royal-bank-of-canada-ry-receives-average-recommendation-of-hold-from-brokerages-updated.html. Royal Bank Of Canada has $95 highest and $69 lowest target. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, August 23rd. The institutional investor held 6.45 million shares of the commercial banks company at the end of 2017Q2, valued at $466.19 million, down from 6.69M at the end of the previous reported quarter.

The bank posted revenue of $10.65 billion in the period. Zacks Investment Research upgraded shares of Royal Bank of Canada from a "hold" rating to a "buy" rating and set a $83.00 target price for the company in a research note on Wednesday, February 15th.

Other research analysts have also recently issued research reports about the company. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.724 per share.