Royal Caribbean Cruises (NYSE:RCL) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Other equities research analysts also recently issued reports about the company. Buckingham Research increased their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. SunTrust Banks reiterated a “buy” rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Argus increased their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $127.28.
Shares of Royal Caribbean Cruises (NYSE:RCL) opened at $123.06 on Thursday. Royal Caribbean Cruises has a 52-week low of $84.03 and a 52-week high of $133.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The stock has a market capitalization of $26,350.00, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $3.20 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. equities research analysts predict that Royal Caribbean Cruises will post 7.39 EPS for the current year.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 60,000 shares of company stock worth $7,449,200 in the last ninety days. Insiders own 15.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after purchasing an additional 673,608 shares in the last quarter. BlackRock Inc. boosted its position in shares of Royal Caribbean Cruises by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock worth $1,159,838,000 after purchasing an additional 258,958 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Royal Caribbean Cruises by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock worth $400,541,000 after purchasing an additional 1,732,995 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Royal Caribbean Cruises by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock worth $200,683,000 after purchasing an additional 430,521 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Royal Caribbean Cruises by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after purchasing an additional 841,498 shares in the last quarter. 73.16% of the stock is currently owned by institutional investors and hedge funds.
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Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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