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NYSE: RY
ROYAL BANK OF CANADA Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for RY

Based on 2 analysts offering 12 month price targets for ROYAL BANK OF CANADA.
Min Forecast
$132.00+33.06%
Avg Forecast
$136.00+37.1%
Max Forecast
$140.00+41.13%

Should I buy or sell RY stock?

Based on 2 analysts offering ratings for ROYAL BANK OF CANADA.
Buy
Strong Buy
0 analysts 0%
Buy
2 analysts 100%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

RY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Top 40%
61
BuyMaintains$132.00+33.06%2021-05-28
ScotiaBank
Bottom 45%
45
BuyMaintains$140.00+41.13%2021-05-20

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Forecast return on equity

Is RY forecast to generate an efficient return?
Company
16.36%
Industry
14.73%
Market
35.67%
RY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is RY forecast to generate an efficient return on assets?
Company
0.95%
Industry
0.99%
RY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

RY earnings per share forecast

What is RY's earnings per share in the next 2 years based on estimates from 6 analysts?
Avg 1 year Forecast
$8.67-3.67%
Avg 2 year Forecast
$9.27+3%
RY's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

RY revenue forecast

What is RY's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$37.0B-7.11%
Avg 2 year Forecast
$39.8B-0.07%
RY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RY earnings growth forecast

How is RY forecast to perform vs Banks - Diversified companies and vs the US market?
Company
-2.12%
Industry
-5.55%
Market
37.64%
RY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
RY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
RY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

RY revenue growth forecast

How is RY forecast to perform vs Banks - Diversified companies and vs the US market?
Company
-5.62%
Industry
-0.57%
Market
17.28%
RY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RY vs Banks - Diversified Stocks

TickerPricePrice TargetUp/downsideConsensus
RY$99.20$136.00+37.10%Buy
TD$71.65$98.75+37.82%Hold
HSBC$30.52$41.80+36.96%Buy
WFC$42.00$60.50+44.05%Strong Buy
C$49.78$68.63+37.86%Buy
View Top Banks - Diversified Stocks

ROYAL BANK OF CANADA Stock Forecast FAQ

Is ROYAL BANK OF CANADA Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NYSE: RY) stock is to Buy RY stock.

Out of 2 analysts, 0 (0%) are recommending RY as a Strong Buy, 2 (100%) are recommending RY as a Buy, 0 (0%) are recommending RY as a Hold, 0 (0%) are recommending RY as a Sell, and 0 (0%) are recommending RY as a Strong Sell.

What is RY's earnings growth forecast for 2022-2023?

(NYSE: RY) ROYAL BANK OF CANADA's forecast annual earnings growth rate of -2.12% is forecast to beat the US Banks - Diversified industry's average forecast earnings growth rate of -5.55%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 37.64%.

ROYAL BANK OF CANADA's earnings in 2022 is $12,823,622,047.On average, 6 Wall Street analysts forecast RY's earnings for 2022 to be $12,276,893,400, with the lowest RY earnings forecast at $11,809,606,800, and the highest RY earnings forecast at $12,701,699,400.

In 2023, RY is forecast to generate $13,126,505,400 in earnings, with the lowest earnings forecast at $12,673,379,000 and the highest earnings forecast at $13,622,112,400.

What is RY's revenue growth forecast for 2022-2023?

(NYSE: RY) ROYAL BANK OF CANADA's forecast annual revenue growth rate of -5.62% is not forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of -0.57%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 17.28%.

ROYAL BANK OF CANADA's revenue in 2022 is $39,225,196,850.On average, 2 Wall Street analysts forecast RY's revenue for 2022 to be $52,422,674,662,800, with the lowest RY revenue forecast at $52,281,299,226,000, and the highest RY revenue forecast at $52,564,050,099,600.

In 2023, RY is forecast to generate $56,393,336,344,800 in revenue, with the lowest revenue forecast at $56,098,436,019,600 and the highest revenue forecast at $56,688,236,670,000.

What is RY's forecast return on assets (ROA) for 2022-2023?

(NYSE: RY) forecast ROA is 0.95%, which is lower than the forecast US Banks - Diversified industry average of 0.99%.

What is RY's Price Target?

According to 2 Wall Street analysts that have issued a 1 year RY price target, the average RY price target is $136.00, with the highest RY stock price forecast at $140.00 and the lowest RY stock price forecast at $132.00.

On average, Wall Street analysts predict that ROYAL BANK OF CANADA's share price could reach $136.00 by May 28, 2022. The average ROYAL BANK OF CANADA stock price prediction forecasts a potential upside of 37.1% from the current RY share price of $99.20.

What is RY's Earnings Per Share (EPS) forecast for 2022-2023?

(NYSE: RY) ROYAL BANK OF CANADA's current Earnings Per Share (EPS) is $8.86. On average, analysts forecast that RY's EPS will be $8.67 for 2022, with the lowest EPS forecast at $8.34, and the highest EPS forecast at $8.97. In 2023, RY's EPS is forecast to hit $9.27 (min: $8.95, max: $9.62).

What is RY's forecast return on equity (ROE) for 2022-2023?

(NYSE: RY) forecast ROE is 16.36%, which is considered weak.
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