Media coverage about Royal Bank of Canada (NYSE:RY) (TSE:RY) has trended somewhat negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -1.56 on their scale. InfoTrie also assigned media headlines about the financial services provider an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Royal Bank of Canada’s score:
- Otelco and ORBCOMM among Tech gainers; Sigma Labs and Polar Power among losers (seekingalpha.com)
- Lakeshore Trust Canadian ABCP Program — Moody’s Canadian ABCP activity for the week ended March 20, 2020 (finance.yahoo.com)
- Cfra Cuts Royal Bank of Canada (NYSE:RY) Price Target to $69.00 (americanbankingnews.com)
- RBC Seeks Fire-Sale Buyers for Seized Mortgage Debt (wsj.com)
- Investors Buy Large Volume of Call Options on Royal Bank of Canada (NYSE:RY) (americanbankingnews.com)
Shares of NYSE:RY traded up $1.78 during trading on Thursday, reaching $61.46. 2,870,611 shares of the company were exchanged, compared to its average volume of 1,590,720. The business’s fifty day simple moving average is $72.36 and its 200-day simple moving average is $78.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.91. Royal Bank of Canada has a 12-month low of $49.55 and a 12-month high of $82.74. The firm has a market capitalization of $80.25 billion, a PE ratio of 9.06, a P/E/G ratio of 1.58 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be given a dividend of $0.816 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.79. This represents a $3.26 dividend on an annualized basis and a yield of 5.31%. Royal Bank of Canada’s payout ratio is 48.28%.
RY has been the subject of a number of research reports. TD Securities reissued a “buy” rating on shares of Royal Bank of Canada in a research note on Friday, March 20th. Desjardins downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. CIBC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Royal Bank of Canada in a report on Monday, February 24th. Cfra lowered their target price on Royal Bank of Canada from $83.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Citigroup downgraded Royal Bank of Canada from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.14.
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 check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
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