Somewhat Positive News Coverage Somewhat Unlikely to Impact Royal Bank of Canada (NYSE:RY) Stock Price

Media headlines about Royal Bank of Canada (NYSE:RY) (TSE:RY) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Royal Bank of Canada earned a news impact score of 0.17 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.3986671801967 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Royal Bank of Canada (NYSE RY) remained flat at $$78.62 during midday trading on Friday. The company had a trading volume of 1,310,006 shares, compared to its average volume of 875,949. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. Royal Bank of Canada has a 1-year low of $66.66 and a 1-year high of $87.10. The company has a market cap of $114,226.84, a price-to-earnings ratio of 13.65, a PEG ratio of 1.33 and a beta of 1.08.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, November 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Royal Bank of Canada had a return on equity of 17.01% and a net margin of 22.62%. equities research analysts forecast that Royal Bank of Canada will post 6.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a $0.7157 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio is currently 49.31%.

RY has been the subject of several analyst reports. Canaccord Genuity reissued a “hold” rating and set a $105.00 target price on shares of Royal Bank of Canada in a research note on Wednesday, November 29th. Argus boosted their target price on Royal Bank of Canada to $94.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and set a $102.00 price target on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Bank of America raised Royal Bank of Canada from a “neutral” rating to a “buy” rating in a report on Tuesday, January 30th. Finally, Scotiabank reaffirmed a “hold” rating and set a $101.00 price target on shares of Royal Bank of Canada in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $97.00.

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Royal Bank of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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