NYSE: RY
Royal Bank Of Canada Stock Forecast, Predictions & Price Target

Analyst price target for RY

Based on 8 analysts offering 12 month price targets for Royal Bank Of Canada.
Min Forecast
$67.45-7.67%
Avg Forecast
$79.26+8.49%
Max Forecast
$87.00+19.10%

Should I buy or sell RY stock?

Strong Buy
Strong Buy
5 analysts 62.50%
Buy
2 analysts 25.00%
Hold
1 analysts 12.50%
Sell
0 analysts 0.00%
Strong Sell
0 analysts 0.00%

Forecast return on equity

Is RY forecast to generate an efficient return?
Company
10.94%
Industry
9.02%
Market
11.28%
RY's Return on Equity is forecast to be low in 2 years (10.94%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is RY forecast to generate an efficient return on assets?
Company
0.64%
Industry
0.66%
Market
8.16%
RY is forecast to generate lower Return on Assets (0.64%) than the US Banks - Diversified industry average (0.66%)
Forecast

RY earnings per share forecast

What is RY's earnings per share in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$5.68-35.35%
Avg 2 year Forecast
$6.35-27.68%
RY's earnings are forecast to grow at a rate of -35.35% per year, which is not exceptional
Forecast

RY revenue forecast

What is RY's revenue in the next 2 years based on estimates from 1 analysts?
Avg 1 year Forecast
$36.2B-21.26%
Avg 2 year Forecast
$35.9B-21.87%
RY's revenue is forecast to grow at a rate of -21.26% per year, which is not exceptional
Forecast

RY earnings growth forecast

How is RY forecast to perform vs Banks - Diversified companies and vs the US market?
Company
-35.35%
Industry
-26.80%
Market
53.18%
RY's earnings are forecast to grow slower (-35.35% per year) than the US Banks - Diversified industry average (-26.80%)
Forecast
RY's earnings are forecast to grow slower (-35.35% per year) than the US market average (53.18%)
Forecast

RY revenue growth forecast

How is RY forecast to perform vs Banks - Diversified companies and vs the US market?
Company
-21.26%
Industry
-7.63%
Market
29.29%
RY's revenues are forecast to grow slower (-21.26% per year) than the US Banks - Diversified industry average (-7.63%)
Forecast
RY's revenues are forecast to grow slower (-21.26% per year) than the US market average (29.29%)
Forecast

Royal Bank Of Canada Stock Forecast FAQ

The consensus among 8 Wall Street analysts covering (NYSE: RY) stock is to Strong Buy RY stock.

Out of 8 analysts, 5 (62.50%) are recommending RY as a Strong Buy, 2 (25.00%) are recommending RY as a Buy, 1 (12.50%) are recommending RY as a Hold, 0 (0.00%) are recommending RY as a Sell, and 0 (0.00%) are recommending RY as a Strong Sell.
According to 8 Wall Street analysts that have issued a 1 year RY price target, the average RY price target is $79.26, with the highest RY stock price forecast at $87.00 and the lowest RY stock price forecast at $67.45.

On average, Wall Street analysts predict that Royal Bank Of Canada's share price could reach $79.26 by Oct 14, 2021. The average Royal Bank Of Canada stock price prediction forecasts a potential upside of 8.49% from the current RY share price of $73.05.
(NYSE: RY) Royal Bank Of Canada's forecast annual earnings growth rate of -35.35% is not forecast to beat the US Banks - Diversified industry's average forecast earnings growth rate of -26.80%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 53.18%.

Royal Bank Of Canada's earnings in 2019 is $12,860,000,000.On average, 5 Wall Street analysts forecast RY's earnings for 2020 to be $8,169,712,906, with the lowest RY earnings forecast at $7,311,864,264, and the highest RY earnings forecast at $8,506,519,252.

In 2021, RY is forecast to generate $9,139,830,330 in earnings, with the lowest earnings forecast at $8,794,387,923 and the highest earnings forecast at $9,701,174,240.
(NYSE: RY) Royal Bank Of Canada's forecast annual revenue growth rate of -21.26% is not forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of -7.63%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 29.29%.

Royal Bank Of Canada's revenue in 2019 is $46,002,000,000.On average, 1 Wall Street analysts forecast RY's revenue for 2020 to be $52,133,131,610,449, with the lowest RY revenue forecast at $52,133,131,610,449, and the highest RY revenue forecast at $52,133,131,610,449.

In 2021, RY is forecast to generate $51,734,951,663,615 in revenue, with the lowest revenue forecast at $51,734,951,663,615 and the highest revenue forecast at $51,734,951,663,615.
(NYSE: RY) Royal Bank Of Canada's current Earnings Per Share (EPS) is $8.78. On average, analysts forecast that RY's EPS will be $5.68 for 2020, with the lowest EPS forecast at $5.08, and the highest EPS forecast at $5.91. In 2021, RY's EPS is forecast to hit $6.35 (min: $6.11, max: $6.74).
(NYSE: RY) forecast ROE is 10.94%, which is considered weak.
(NYSE: RY) forecast ROA is 0.64%, which is lower than the forecast US Banks - Diversified industry average of 0.66%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
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