The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Royal Bank of Canada (RY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.73, or -0.82%, to $88.68. The Royal Bank of Canada has recorded 61,791 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that RBC Global Asset Management Inc. announces August sales results for RBC Funds, PH&N Funds and BlueBay Funds.
Royal Bank of Canada is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Diversified industry. At the end of the last regular session, the stock closed at $89.41 and fluctuated between $89.59 as its day high and $88.56 as its day low. The current market capitalization of Royal Bank of Canada is $124.61B. A total of 0.48 million shares were traded on the day, compared to an average of 882.77K shares.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Royal Bank of Canada pays an annual dividend of $3.98, resulting in a dividend yield of 4.45%, and it has a price to earnings (P/E) ratio of 11.83. RY’s most recent ex-dividend date was 10/25/2023 when it declared a $1.0190 quarterly dividend that was paid in cash on 11/24/2023. Previously, the company paid the dividend on 8/24/2023 with an ex-dividend date of 7/25/2023. The RY stock dividend was $0.9960 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RY in the last 3 months, the mean price target is $95.27 with high estimates of $100.00 and low estimates of $89.80. In terms of 52-week highs and lows, RY has a high of $104.72 and a low of $83.63.
As of this writing, RY has an earnings estimate of $1.93 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.78. The company reported an EPS of $2 in the last quarter, which was -4.80% lower than expectations of $2.1.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $55.08, while its Total Shareholder’s Equity was $98.76B.
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. Currently, 0 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 Buy with a score of 3.60.