Royal Caribbean Cruises (NYSE:RCL) was upgraded by analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, January 11th, Marketbeat reports.
Other equities analysts have also issued research reports about the stock. Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Argus raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $137.67.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded down $3.65 during midday trading on Thursday, reaching $129.66. 1,416,339 shares of the company traded hands, compared to its average volume of 1,595,413. Royal Caribbean Cruises has a fifty-two week low of $93.40 and a fifty-two week high of $135.65. The company has a market capitalization of $27,770.00, a price-to-earnings ratio of 17.22, a PEG ratio of 0.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. equities analysts anticipate that Royal Caribbean Cruises will post 8.67 EPS for the current year.
In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the sale, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jason T. Liberty sold 5,892 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $131.19, for a total transaction of $772,971.48. Following the completion of the transaction, the chief financial officer now owns 43,972 shares in the company, valued at approximately $5,768,686.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,296 shares of company stock worth $9,266,380. Company insiders own 15.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of RCL. Neuberger Berman Group LLC increased its position in shares of Royal Caribbean Cruises by 1.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after purchasing an additional 28 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Royal Caribbean Cruises by 9.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock worth $146,000 after acquiring an additional 119 shares in the last quarter. LSV Asset Management increased its holdings in Royal Caribbean Cruises by 121.4% in the 2nd quarter. LSV Asset Management now owns 58,000 shares of the company’s stock worth $6,335,000 after acquiring an additional 31,800 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $649,000. Finally, Eaton Vance Management increased its holdings in Royal Caribbean Cruises by 0.4% in the 2nd quarter. Eaton Vance Management now owns 42,927 shares of the company’s stock worth $4,689,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
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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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