Royal Caribbean Cruises Ltd (NYSE:RCL) has been assigned an average rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $144.56.
RCL has been the topic of a number of recent research reports. Argus lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a report on Friday, July 26th. Deutsche Bank dropped their target price on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Wells Fargo & Co upped their price objective on Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Thursday, October 10th.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.66, for a total transaction of $2,113,200.00. Following the sale, the chief executive officer now directly owns 865,651 shares in the company, valued at $91,464,684.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 55,909 shares in the company, valued at $6,052,149.25. The disclosure for this sale can be found here. Insiders have sold 70,518 shares of company stock worth $7,520,974 in the last ninety days. 13.07% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BancorpSouth Bank boosted its position in Royal Caribbean Cruises by 2.6% during the second quarter. BancorpSouth Bank now owns 3,860 shares of the company’s stock worth $468,000 after purchasing an additional 96 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 3.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the company’s stock valued at $331,000 after acquiring an additional 100 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Royal Caribbean Cruises by 22.9% in the third quarter. Bogart Wealth LLC now owns 536 shares of the company’s stock valued at $58,000 after acquiring an additional 100 shares in the last quarter. Commerce Bank lifted its position in shares of Royal Caribbean Cruises by 2.0% in the second quarter. Commerce Bank now owns 5,190 shares of the company’s stock valued at $629,000 after acquiring an additional 101 shares in the last quarter. Finally, Outlook Wealth Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 3.9% in the third quarter. Outlook Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $301,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 72.65% of the company’s stock.
Shares of NYSE:RCL traded up $0.98 during trading 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 firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.17 and a quick ratio of 0.15. The stock’s fifty day moving average price is $107.91 and its 200 day moving average price is $114.95. Royal Caribbean Cruises has a fifty-two week low of $89.48 and a fifty-two week high of $131.04.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.09. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.79 billion. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. On average, equities analysts anticipate that Royal Caribbean Cruises will post 9.64 EPS for the current fiscal year.
The firm also recently disclosed a 0.70000 dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were issued a dividend of $0.78 per share. This represents a yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio is presently 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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