Zacks Investment Research Downgrades Royal Bank of Canada (NYSE:RY) to Hold

Analysts expect National Bank of Canada (TSE:NA) to report $1.40 EPS on March, 7.They anticipate $0.05 EPS change or 3.70 % from last quarter's $1.35 EPS. Stratos Wealth Partners LTD. now owns 4,405 shares of the financial services provider's stock worth $341,000 after buying an additional 643 shares in the last quarter. Oppenheimer & Co. Inc.'s holdings in Royal Bank of Canada were worth $3,384,000 at the end of the most recent quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in shares of Royal Bank of Canada by 1.0% during the 4th quarter. Finally, Trillium Asset Management LLC boosted its holdings in shares of Royal Bank of Canada by 1.5% during the 3rd quarter. The rating was upgraded by Barclays Capital on Tuesday, December 19 to "Overweight".

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at $92.40 on Thursday. After having $2.81 EPS previously, Canadian Imperial Bank of Commerce's analysts see 0.36% EPS growth. Institutional investors and hedge funds own 40.44% of the company's stock.

RY has been the topic of a number of research reports. Scotiabank restated a "hold" rating and issued a $101.00 price target on shares of Royal Bank of Canada in a research note on Wednesday, November 22nd. On Thursday, August 13 the stock rating was maintained by Canaccord Genuity with "Buy". BMO Capital Markets reiterated a "hold" rating and issued a $102.00 target price on shares of Royal Bank of Canada in a report on Wednesday, November 29th. They noted that the move was a valuation call. Canaccord Genuity reiterated a hold rating and issued a $105.00 target price on shares of Royal Bank of Canada in a report on Wednesday, November 29th. They issued an "underperform" rating on the stock.

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 5 have Buy rating, 1 Sell and 5 Hold. The stock presently has an average rating of "Hold" and a consensus target price of $98.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. Royal Bank of Canada has a 52-week low of $66.66 and a 52-week high of $87.10. National Bank of Canada (TSE:NA) has 0.00% since February 15, 2017 and is. The financial services provider reported $1.54 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.05. The firm has a market cap of $115,127.64, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. Royal Bank of Canada had a net margin of 22.62% and a return on equity of 17.01%. (NYSE:HIW). Rafferty Asset Limited Liability Com invested in 0.02% or 16,979 shares. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $4.04 annualized dividend and a yield of 4.38%.

WARNING: This story was first published by registrarjournal.com and is the sole property of of registrarjournal.com. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of worldwide trademark and copyright legislation. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 403,661 shares in the quarter, for a total of 1.49 million shares, and has risen its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM).

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Nasdaq.com which released: "Royal Bank of Canada Enters Oversold Territory" on February 08, 2018, also Prnewswire.com with their article: "Stock Review for Banking Investors - Mitsubishi UFJ Financial, Royal Bank of ..." published on February 13, 2018, Theglobeandmail.com published: "RBC online brokerage clients unable to make trades just as Dow sheds 1000 points" on February 08, 2018. The firm operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. It has a 10.2 P/E ratio. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the US and 36 other countries.