Royal Caribbean Cruises (NYSE:RCL) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Other research analysts also recently issued research reports about the company. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase upped their target price on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Bank of America upped their target price on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Wedbush reiterated an “outperform” rating and set a $145.00 target price (up previously from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $136.93.
Shares of NYSE:RCL opened at $114.83 on Friday. Royal Caribbean Cruises has a 1 year low of $93.86 and a 1 year high of $135.65. The stock has a market cap of $24,544.80, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.23. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the business earned $1.23 EPS. Royal Caribbean Cruises’s revenue was up 5.0% compared to the same quarter last year. analysts expect that Royal Caribbean Cruises will post 8.7 earnings per share for the current fiscal year.
In other news, SVP Bradley H. Stein sold 9,071 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $124.64, for a total value of $1,130,609.44. Following the sale, the senior vice president now directly owns 17,341 shares of the company’s stock, valued at approximately $2,161,382.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $126.33, for a total value of $2,526,600.00. Following the completion of the sale, the chief executive officer now directly owns 911,737 shares in the company, valued at $115,179,735.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,799 shares of company stock worth $15,556,896. Insiders own 15.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RCL. ETRADE Capital Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 1.7% during the 4th quarter. ETRADE Capital Management LLC now owns 24,190 shares of the company’s stock valued at $2,885,000 after buying an additional 402 shares during the period. BB&T Securities LLC lifted its holdings in shares of Royal Caribbean Cruises by 19.5% during the 4th quarter. BB&T Securities LLC now owns 2,471 shares of the company’s stock valued at $294,000 after buying an additional 403 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of Royal Caribbean Cruises by 13.0% during the 4th quarter. Eqis Capital Management Inc. now owns 3,837 shares of the company’s stock valued at $458,000 after buying an additional 441 shares during the period. BKD Wealth Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 13.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 3,798 shares of the company’s stock valued at $453,000 after buying an additional 460 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 10.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,988 shares of the company’s stock valued at $620,000 after buying an additional 479 shares during the period. 74.41% of the stock is currently owned by hedge funds and other institutional investors.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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