Royal Bank of Canada (RY) Receiving Somewhat Favorable Press Coverage, Report Finds

Media headlines about Royal Bank of Canada (NYSE:RY) (TSE:RY) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 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 coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.2665845925315 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

A number of equities analysts have commented on RY shares. BMO Capital Markets reissued a “hold” rating and issued a $102.00 price objective on shares of Royal Bank of Canada in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Macquarie started coverage on shares of Royal Bank of Canada in a report on Tuesday, October 24th. They issued an “underperform” rating for the company. Canaccord Genuity restated a “hold” rating and issued a $105.00 target price on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Finally, Argus raised their target price on shares of Royal Bank of Canada to $94.00 and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $97.00.

Shares of Royal Bank of Canada (NYSE:RY) traded up $0.18 on Thursday, reaching $83.88. 570,047 shares of the company were exchanged, compared to its average volume of 630,831. Royal Bank of Canada has a one year low of $66.66 and a one year high of $84.70. The company has a market cap of $122,580.00, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.86 dividend on an annualized basis and a yield of 3.41%. Royal Bank of Canada’s payout ratio is 47.67%.

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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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