Royal Caribbean Cruises (NYSE:RCL) Rating Lowered to Sell at ValuEngine

Royal Caribbean Cruises (NYSE:RCL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Several other brokerages have also weighed in on RCL. Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Wedbush reaffirmed an “underweight” rating and set a $145.00 target price (up previously from $140.00) on shares of Royal Caribbean Cruises in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank lowered their target price on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup increased their target price on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Hold” and a consensus price target of $142.50.

Shares of RCL traded down $3.32 during mid-day trading on Thursday, reaching $110.73. The stock had a trading volume of 2,006,638 shares, compared to its average volume of 2,390,459. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.14 and a current ratio of 0.17. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35. The company has a fifty day moving average of $115.55. Royal Caribbean Cruises has a 52-week low of $89.48 and a 52-week high of $133.60.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.09. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. Royal Caribbean Cruises’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. As a group, research analysts forecast that Royal Caribbean Cruises will post 9.67 EPS for the current fiscal year.

In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the sale, the chief executive officer now owns 910,639 shares of the company’s stock, valued at $100,370,630.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.07% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Royal Caribbean Cruises by 1.5% during the first quarter. BlackRock Inc. now owns 11,040,655 shares of the company’s stock worth $1,265,480,000 after purchasing an additional 167,205 shares in the last quarter. FMR LLC lifted its position in shares of Royal Caribbean Cruises by 19.6% during the first quarter. FMR LLC now owns 4,975,498 shares of the company’s stock worth $570,291,000 after purchasing an additional 816,141 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Royal Caribbean Cruises by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,530,247 shares of the company’s stock worth $247,407,000 after purchasing an additional 77,740 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Royal Caribbean Cruises by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 2,198,984 shares of the company’s stock worth $214,659,000 after purchasing an additional 166,909 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Royal Caribbean Cruises by 1.2% during the first quarter. Northern Trust Corp now owns 1,890,482 shares of the company’s stock worth $216,688,000 after purchasing an additional 23,056 shares in the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.

Further Reading: Trade Deficit

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.