ValuEngine upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a hold rating to a buy rating in a research report sent to investors on Friday.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Royal Caribbean Cruises from a buy rating to a hold rating in a report on Thursday, January 18th. Bank of America lifted their price target on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a neutral rating in a report on Thursday, January 25th. Berenberg Bank raised Royal Caribbean Cruises from a hold rating to a buy rating in a report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an overweight rating in a report on Thursday, January 25th. Finally, SunTrust Banks reissued a buy rating and set a $137.00 price target on shares of Royal Caribbean Cruises in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $137.67.
Royal Caribbean Cruises (NYSE:RCL) opened at $125.37 on Friday. 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 has a one year low of $93.40 and a one year high of $135.65. The company has a market capitalization of $26,840.00, a P/E ratio of 16.65, a PEG ratio of 0.67 and a beta of 1.10.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping 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 return on equity of 16.22% and a net margin of 18.51%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. research analysts anticipate that Royal Caribbean Cruises will post 8.67 earnings per share for the current fiscal year.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 847,741 shares of the company’s stock, valued at approximately $104,272,143. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction on Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the transaction, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Insiders sold a total of 73,296 shares of company stock valued at $9,266,380 over the last ninety days. Insiders own 15.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the 3rd quarter valued at $119,000. Pinebridge Investments L.P. acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $121,000. ClariVest Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth $142,000. Assetmark Inc. raised its holdings in shares of Royal Caribbean Cruises by 198.1% during the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after buying an additional 814 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Royal Caribbean Cruises by 89.6% during the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock worth $160,000 after buying an additional 636 shares in the last quarter. 67.04% of the stock is owned by hedge funds and other institutional investors.
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About Royal Caribbean Cruises
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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