Royal Bank of Canada (NYSE:RY) Given News Impact Score of 3.20

News stories about Royal Bank of Canada (NYSE:RY) (TSE:RY) have been trending very positive this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of 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 news impact score of 3.20 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Royal Bank of Canada’s analysis:

Shares of NYSE:RY traded down $1.11 on Friday, hitting $58.87. 1,389,230 shares of the company were exchanged, compared to its average volume of 1,246,988. Royal Bank of Canada has a 1-year low of $49.55 and a 1-year high of $82.74. The stock’s 50 day moving average price is $60.51 and its 200 day moving average price is $72.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $85.37 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.88.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. Royal Bank of Canada had a net margin of 19.36% and a return on equity of 17.32%. The business had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.08 billion. On average, equities analysts predict that Royal Bank of Canada will post 5.39 EPS for the current fiscal year.

RY has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Royal Bank of Canada from $99.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday. CIBC restated a “buy” rating and issued a $120.00 target price on shares of Royal Bank of Canada in a research note on Monday, February 24th. Cfra lowered their target price on shares of Royal Bank of Canada from $83.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. TD Securities restated a “buy” rating on shares of Royal Bank of Canada in a research note on Friday, March 20th. Finally, ValuEngine downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $97.50.

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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