RBC Capital (NYSE:RY) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a research note issued on Friday, Analyst Ratings News reports. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of RBC Capital from C$64.00 to C$71.00 in a research note to investors on Monday, November 25th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of RBC Capital from C$66.00 to C$70.00 in a research note to investors on Thursday, November 21st. They now have an “equal weight” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of RBC Capital from C$68.00 to C$73.00 in a research note to investors on Wednesday, November 20th. They now have a “sector perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $70.36.
RBC Capital (NYSE:RY) opened at 64.04 on Friday. RBC Capital has a 1-year low of $55.49 and a 1-year high of $68.89. The stock’s 50-day moving average is $67.07 and its 200-day moving average is $62.99. The company has a market cap of $92.224 billion and a P/E ratio of 11.65.
RBC Capital (NYSE:RY) last posted its quarterly earnings results on Thursday, December 5th. The company reported $1.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.40. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.51 billion. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that RBC Capital will post $5.55 EPS for the current fiscal year.
Royal Bank of Canada (NYSE:RY) is a diversified financial services company.
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