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Friday, December 2, 2022

Royal Bank of Canada (RY) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Royal Bank of Canada (RY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$2.69, or +2.92%, to $94.7. Volume reached 4,015 shares, with price reaching a high of $95.3 and a low of $95.21. Recently, Yahoo Finance discussed the stock, revealing that RBC bolsters bank’s healthcare offering with the acquisition of MDBilling.ca.


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Stocks Info

Royal Bank of Canada is listed on the NYSE in the Financial sector while operating in the Banks – Diversified industry. At the end of the last regular session, the stock closed at $95.21 and fluctuated between $95.51 as its day high and $92.87 as its day low. The current market capitalization of Royal Bank of Canada is $137.09B. A total of 1.04 million shares were traded on the day, compared to an average of 806.82K shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Royal Bank of Canada pays an annual dividend of $3.95, resulting in a dividend yield of 4.15%, and it has a price to earnings (P/E) ratio of 11.85.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RY in the last 3 months, the mean price target is $105.73 with high estimates of $107.00 and low estimates of $104.45. In terms of 52-week highs and lows, RY has a high of $119.41 and a low of $89.18.

As of this writing, RY has an earnings estimate of $2.11 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $2.2 per share and a lower estimate of $2.07. The company reported an EPS of $1.98 in the last quarter, which was 0.51% higher than expectations of $1.97.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $50.56, while its Total Shareholder’s Equity was $98.76B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RY is Overweight with a score of 4.09. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 0 thought it should be Sold.

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