TSE:RY FY2025 EPS Forecast Raised by National Bank Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) – National Bank Financial upped their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $13.17 per share for the year, up from their prior forecast of $13.14. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Other analysts also recently issued reports about the stock. CIBC lifted their price objective on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Bank of America lifted their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Barclays upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. BMO Capital Markets dropped their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday. Finally, Canaccord Genuity Group increased their price target on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Royal Bank of Canada has an average rating of “Buy” and an average price target of C$176.58.

Royal Bank of Canada Price Performance

RY stock opened at C$178.27 on Monday. The firm has a 50 day simple moving average of C$171.85 and a two-hundred day simple moving average of C$159.17. The stock has a market cap of C$251.36 billion, a PE ratio of 15.79, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a one year low of C$123.44 and a one year high of C$180.45.

Insiders Place Their Bets

In other news, Senior Officer Douglas Antony Guzman sold 17,000 shares of Royal Bank of Canada stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$167.95, for a total value of C$2,855,150.00. Following the sale, the insider now directly owns 25 shares in the company, valued at approximately C$4,198.75. This trade represents a 99.85 % decrease in their position. Insiders have sold a total of 34,648 shares of company stock valued at $5,811,275 in the last quarter.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 3.32%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s dividend payout ratio is presently 50.31%.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.