Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Wednesday

Royal Bank of Canada (NYSE:RY) (TSE:RY) will be posting its quarterly earnings results before the market opens on Wednesday, December 4th. Analysts expect Royal Bank of Canada to post earnings of $2.20 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Royal Bank of Canada Price Performance

Shares of NYSE RY opened at $125.12 on Tuesday. Royal Bank of Canada has a 1-year low of $90.21 and a 1-year high of $126.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a fifty day moving average price of $123.61 and a 200 day moving average price of $115.48. The company has a market cap of $176.88 billion, a PE ratio of 15.13, a P/E/G ratio of 1.86 and a beta of 0.86.

Analyst Ratings Changes

RY has been the subject of a number of research reports. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets increased their price target on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $142.50.

Royal Bank of Canada Company Profile

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.