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RCL has been the topic of several recent analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $137.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Wednesday, January 17th. Macquarie lowered shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Thursday, November 30th. Finally, Berenberg Bank lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and an average price target of $137.67.
Shares of Royal Caribbean Cruises (RCL) traded up $1.99 during trading on Friday, reaching $124.47. 2,330,000 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The company has a market cap of $26,990.00, a price-to-earnings ratio of 16.53, a PEG ratio of 0.64 and a beta of 1.10. Royal Caribbean Cruises has a 1-year low of $93.40 and a 1-year high of $135.65. 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 (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. sell-side analysts expect that Royal Caribbean Cruises will post 8.67 earnings per share for the current year.
In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason T. Liberty sold 5,892 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $131.19, for a total transaction of $772,971.48. Following the completion of the sale, the chief financial officer now directly owns 43,972 shares of the company’s stock, valued at $5,768,686.68. The disclosure for this sale can be found here. In the last three months, insiders sold 73,296 shares of company stock worth $9,266,380. Insiders own 15.30% of the company’s stock.
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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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