Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have earned an average rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $144.56.
A number of research analysts recently commented on RCL shares. ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank reduced their price target on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a report on Friday, July 19th. Nomura reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Thursday, October 10th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Argus downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $108.46, for a total transaction of $2,169,200.00. Following the transaction, the chief executive officer now owns 905,651 shares of the company’s stock, valued at approximately $98,226,907.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $108.25, for a total value of $1,138,573.50. Following the transaction, the chief executive officer now directly owns 55,909 shares in the company, valued at approximately $6,052,149.25. The disclosure for this sale can be found here. Insiders sold 70,518 shares of company stock valued at $7,520,974 in the last three months. 13.07% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC lifted its holdings in Royal Caribbean Cruises by 5,040.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 257 shares of the company’s stock worth $31,000 after buying an additional 252 shares during the last quarter. North Star Investment Management Corp. bought a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $33,000. Central Bank & Trust Co. bought a new position in Royal Caribbean Cruises during the 2nd quarter worth approximately $37,000. Archford Capital Strategies LLC lifted its holdings in Royal Caribbean Cruises by 814.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 393 shares of the company’s stock worth $48,000 after buying an additional 350 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in Royal Caribbean Cruises by 851.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 447 shares of the company’s stock worth $48,000 after buying an additional 400 shares during the last quarter. 72.65% of the stock is currently owned by institutional investors.
Shares of RCL stock traded up $0.98 during trading hours on Monday, reaching $112.16. The company had a trading volume of 1,071,287 shares, compared to its average volume of 1,447,471. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises has a twelve month low of $89.48 and a twelve month high of $131.04. The company has a market capitalization of $22.87 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The stock’s fifty day simple moving average is $107.91 and its 200 day simple moving average is $114.95.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities analysts expect that Royal Caribbean Cruises will post 9.64 earnings per share for the current year.
The firm also recently declared a 0.70000 dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued a $0.78 dividend. This represents a yield of 2.8%. The ex-dividend date was Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio is currently 35.21%.
About Royal Caribbean Cruises
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.
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