Royal Bank Of Canada (RY) Stock Forecast & Predictions

Royal Bank Of Canada RY: $92.59

Royal Bank Plaza 200 Bay Street, Toronto, Ontario, Canada. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.rbcroyalbank.com/

  • Market Cap$132.28B
  • Change (52 Weeks)65.82%
  • Low (52 Weeks)$54.76
  • Royal Bank Of Canada (RY) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Royal Bank Of Canada (RY) stock price is $92.59 and the 52 weeks low is $54.76, which means the Royal Bank Of Canada stock price is up 65.82% in the last 12 months.

    Royal Bank Of Canada (RY) Stock Price has been Trending Strongly with an ADX reading of 33.23 as per the Weekly Chart.

    A Upward trend indicates that Royal Bank Of Canada (RY) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that RY Stock price might rise further, 18.75% indicating that RY Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall RY stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Royal Bank Of Canada (RY) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Royal Bank Of Canada (RY) is based on 23 Institutional Analyst Ratings where 56.52% are on Strong Buy, 21.74% on Moderate Buy, 21.74% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 23 Institutional Analysts, majority recommended RY stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Royal Bank Of Canada.

    Royal Bank Of Canada (RY) Stock Price Prediction By Analysts


    HighLowAverage
    $132.16$110.09$122.58
    $122.5832.39% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for RY set by the institutional analysts is $122.58 where High Estimate is $132.16, Median $124.44 and Low $110.09.

    The average price target for RY by Institutional Analysts is $122.58, which is 32.39% Upside from the current price. So according to the Institutional Analysts, RY Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Royal Bank Of Canada (RY) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with RY stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about RY and holding their positions hoping for a further rise in the stock price and more profit.

    Royal Bank Of Canada (RY) Stock Forecast Based on News Sentiment


    Bullish
    Based on 9 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about RY, it shows that Royal Bank Of Canada had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that RY stock price may surge in the next few weeks.

    Royal Bank Of Canada (RY) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Credit SuisseUpgraded
    Cormark SecuritiesUpgraded
    TD SecuritiesBuyUpgraded
    SbankUpgraded
    National Bank FinancialOutperformUpgraded
    Credit SuisseUpgraded
    BMO Capital MarketsUpgraded
    Canaccord GenuityBuyUpgraded
    SbankOutperformUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialOutperformUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    Canaccord GenuityUpgraded
    SbankUpgraded
    Fundamental ResearchHoldInitiated
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    Credit SuisseUpgraded
    BMO Capital MarketsUpgraded
    Credit SuisseUpgraded
    Canaccord GenuityUpgraded
    SbankUpgraded
    National Bank FinancialOutperformUpgraded
    Cormark SecuritiesUpgraded
    BMO Capital MarketsUpgraded
    SbankDowngraded
    Canaccord GenuityDowngraded
    National Bank FinancialOutperformDowngraded
    B of A SecuritiesBuyMaintained
    CitigroupBuyUpgraded
    SbankDowngraded
    National Bank FinancialOutperformDowngraded
    CFRAHoldMaintained
    National Bank FinancialOutperformUpgraded
    Credit SuisseOutperformMaintained
    SbankUpgraded
    SbankDowngraded
    National Bank FinancialOutperformDowngraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    SbankDowngraded
    CitigroupDowngraded
    Eight CapitalDowngraded
    National Bank FinancialOutperformDowngraded
    Cormark SecuritiesDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsDowngraded
    Eight CapitalDowngraded
    CitigroupDowngraded
    Desjardins SecuritiesDowngraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformDowngraded
    BarclaysUpgraded
    Canaccord GenuityDowngraded
    BarclaysDowngraded
    National Bank FinancialOutperformUpgraded
    Eight CapitalUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsMarket PerformUpgraded
    BMO Capital MarketsMarket PerformInitiated
    CIBC World MarketsDowngraded
    SbankSector PerformDowngraded
    Eight CapitalUpgraded
    National Bank FinancialSector PerformUpgraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsMarket PerformInitiated
    BarclaysUpgraded
    CIBC World MarketsNeutralDowngraded
    Bank of AmericaBuyUpgraded
    Credit SuisseUpgraded
    National Bank FinancialSector PerformUpgraded
    CitigroupUpgraded
    Eight CapitalBuyUpgraded
    SbankSector PerformUpgraded
    National Bank FinancialSector PerformUpgraded
    Eight CapitalUpgraded
    Desjardins SecuritiesUpgraded
    Credit SuisseOutperformUpgraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsMarket PerformUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    Eight CapitalUpgraded
    BarclaysUpgraded
    BMO Capital MarketsMarket PerformReiterated
    SbankSector PerformDowngraded
    SbankOutperformMaintained
    National Bank FinancialSector PerformMaintained
    TD SecuritiesHoldDowngraded
    CIBC World MarketsMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    Keefe Bruyette & WoodsMarket PerformUpgraded
    KBWMarket PerformMaintained
    KBWMaintained
    BarclaysMaintained
    Credit SuisseMaintained
    Canaccord GenuityMaintained
    Dundee SecuritiesMaintained
    Desjardins SecuritiesMaintained
    ArgusBuyMaintained
    TD SecuritiesMaintained
    SbankOutperformMaintained
    RaffertyHoldDowngraded
    KBWMaintained
    BMO Capital MarketsMaintained
    Canaccord GenuityMaintained
    TD SecuritiesBuyUpgraded
    BarclaysMaintained
    Desjardins SecuritiesMaintained
    Bank of AmericaUnderperformInitiated
    Canaccord GenuityBuyMaintained
    Dundee SecuritiesNeutralMaintained
    CitigroupBuyMaintained
    CIBC World MarketsMaintained
    TD SecuritiesHoldMaintained
    SbankOutperformMaintained
    National Bank FinancialMaintained
    Desjardins SecuritiesBuyMaintained
    Credit SuisseOutperformMaintained
    CIBC World MarketsMaintained
    BarclaysUnderweightMaintained
    Bank of AmericaUnderperformMaintained
    ArgusBuyMaintained
    BarclaysUnderweightMaintained
    KBWMaintained
    CitigroupBuyMaintained
    CIBC World MarketsMaintained
    ArgusBuyInitiated
    CitigroupBuyMaintained
    TD SecuritiesHoldMaintained
    SbankOutperformMaintained
    RBC CapitalMaintained
    CIBC World MarketsMaintained
    BarclaysMaintained
    Credit SuisseMaintained
    Canaccord GenuityMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsMaintained
    Bank of AmericaMaintained
    BarclaysMaintained
    National Bank FinancialMaintained
    SbankOutperformMaintained
    SbankMaintained
    National Bank FinancialSector PerformMaintained
    Canaccord GenuityHoldMaintained
    Bank of AmericaBuyMaintained
    SbankMaintained
    TD SecuritiesBuyMaintained
    BMO Capital MarketsAt Market PerformMaintained
    CitigroupBuyUpgraded
    SbankMaintained
    Keefe Bruyette & WoodsUnderperformDowngraded
    National Bank FinancialMaintained
    CIBC World MarketsSector OutperformMaintained
    CIBC World MarketsMaintained
    BarclaysEqual WeightMaintained
    SbankOutperformMaintained
    National Bank FinancialSector PerformMaintained
    SbankMaintained
    Canaccord GenuityHoldMaintained
    SbankMaintained
    Credit SuisseOutperformMaintained
    SbankMaintained
    BarclaysEqual-WeightMaintained
    CIBCSector PerformDowngraded
    Canaccord GenuityBuyInitiated
    National Bank FinancialOutperformUpgraded
    TD SecuritiesBuyUpgraded
    CIBC World MarketsMaintained
    BarclaysEqual-WeightMaintained
    TD SecuritiesHoldInitiated
    RaffertyBuyUpgraded
    SbankMaintained
    Morgan StanleyEqual-WeightUpgraded
    CIBC World MarketsSector OutperformMaintained
    SbankMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightUpgraded
    BarclaysUnderweightMaintained
    SbankMaintained
    Canaccord GenuityBuyMaintained
    CitigroupBuyInitiated
    UBSNeutralDowngraded
    MacquarieOutperformUpgraded
    National Bank FinancialSector PerformMaintained
    Credit SuisseOutperformUpgraded
    Canaccord GenuityBuyMaintained
    Bank of AmericaBuyMaintained
    BarclaysUnderweightDowngraded
    Bank ofericaBuyUpgraded

    Royal Bank Of Canada (RY) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.425
    The average consensus EPS for RY is $2.425 with a high estimate of $2.656 and Low of $2.117 for the period 2021-06-30 and based on 15 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.69$2.33725542021-03-31


    The latest average Earning Per Share Estimate for Royal Bank Of Canada is $2.43, which is lower than RY's last EPS, $2.69. This means that Analysts are expecting Royal Bank Of Canada to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Royal Bank Of Canada.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.69$2.33725542021-03-31
    $2.27$2.1120152020-12-31
    $2.23$1.82421242020-09-30
    $1.03$1.63849312020-06-30
    $2.44$2.36546712020-03-31
    $2.22$2.34657692019-12-31
    $2.26$2.36868072019-09-30
    $2.23$2.27239632019-06-30
    $2.18$2.25484512019-03-31
    $2.24$2.178452018-12-31
    $2.14$2.17885172018-09-30
    $2.1$2.11609380000000022018-06-30
    $2.14$2.04645552018-03-31
    $1.92$1.92536872017-12-31
    $1.89$1.92452410000000022017-09-30
    $1.89$1.85784190000000022017-06-30
    $1.87$1.82363560000000022017-03-31
    $1.69$1.76178412016-12-31
    $1.75$1.75192700000000022016-09-30
    $1.71$1.68902492016-06-30
    $1.66$1.71782372016-03-31
    $1.77$1.68953990000000022015-12-31
    $1.68$1.7182462015-09-30
    $1.63$1.6436742015-06-30
    $1.67$1.62283712015-03-31
    $1.59$1.62650392014-12-31
    $1.64$1.60440012014-09-30
    $1.47$1.48195372014-06-30
    $1.44$1.47220992014-03-31
    $1.31$1.42195620000000012013-12-31
    $1.46$1.41775382013-09-30
    $1.29$1.34959872013-06-30
    $1.46$1.353422013-03-31
    $1.27$1.29516322012-12-31
    $1.31$1.21893292012-09-30
    $1.15$1.21437000000000022012-06-30
    $1.23$1.16562012012-03-31
    $1.09$1.00932792011-12-31
    $1.04$1.11041212011-09-30
    $1$1.15078812011-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).