Royal Caribbean Cruises Ltd (NYSE:RCL) has been given an average rating of “Buy” by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $140.83.
A number of brokerages have recently issued reports on RCL. Nomura dropped their target price on Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating for the company in a report on Friday, October 26th. ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Wednesday, August 8th. Macquarie increased their target price on Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Finally, Wells Fargo & Co dropped their target price on Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, October 29th.
Royal Caribbean Cruises stock traded down $0.52 during trading hours on Monday, hitting $107.17. The stock had a trading volume of 1,614,300 shares, compared to its average volume of 2,290,978. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Royal Caribbean Cruises has a fifty-two week low of $97.48 and a fifty-two week high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, October 25th. The company reported $3.98 EPS for the quarter, beating the consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.82 billion. On average, analysts expect that Royal Caribbean Cruises will post 8.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were given a dividend of $0.70 per share. The ex-dividend date was Thursday, September 20th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 2.61%. Royal Caribbean Cruises’s dividend payout ratio is 37.18%.
In related news, EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the sale, the executive vice president now directly owns 26,165 shares in the company, valued at approximately $3,285,015.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.26% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. grew its position in Royal Caribbean Cruises by 235.3% during the 3rd quarter. Smithfield Trust Co. now owns 1,073 shares of the company’s stock worth $140,000 after acquiring an additional 753 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $145,000. Squar Milner Financial Services LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $164,000. Bronfman E.L. Rothschild L.P. grew its position in Royal Caribbean Cruises by 488.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Wright Investors Service Inc. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 70.91% of the company’s stock.
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.
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