Royal Caribbean Cruises Ltd. (NYSE:RCL)‘s stock had its “buy” rating reissued by equities researchers at SunTrust Banks, Inc. in a report issued on Friday, November 10th. They currently have a $137.00 target price on the stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 9.78% from the company’s previous close. SunTrust Banks also issued estimates for Royal Caribbean Cruises’ Q4 2017 earnings at $1.20 EPS, FY2017 earnings at $7.40 EPS, Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $2.08 EPS, Q3 2018 earnings at $3.74 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $8.57 EPS.
Several other equities research analysts have also recently commented on RCL. BidaskClub cut Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. UBS AG reaffirmed a “buy” rating and set a $131.00 price objective (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Buckingham Research increased their target price on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $126.33.
Shares of Royal Caribbean Cruises (NYSE RCL) opened at $124.79 on Friday. The firm has a market capitalization of $26,536.32, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.75 and a beta of 1.07. Royal Caribbean Cruises has a 12 month low of $78.77 and a 12 month high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the firm posted $3.20 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. analysts predict that Royal Caribbean Cruises will post 7.39 EPS for the current year.
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In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the transaction, the chief executive officer now owns 895,416 shares in the company, valued at approximately $110,816,684.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 60,000 shares of company stock valued at $7,415,000 in the last 90 days. 15.30% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in RCL. Wellington Management Group LLP boosted its holdings in shares of Royal Caribbean Cruises by 148.2% in the 1st quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock worth $1,313,000 after purchasing an additional 7,988 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Royal Caribbean Cruises by 4.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock worth $603,000 after purchasing an additional 250 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $119,000. HighTower Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $215,000. Finally, Janus Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 75.5% in the 1st quarter. Janus Capital Management LLC now owns 50,402 shares of the company’s stock worth $4,945,000 after purchasing an additional 21,680 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Royal Caribbean Cruises Company Profile
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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