Analysts Set Royal Caribbean Cruises Ltd (RCL) Price Target at $127.84

Royal Caribbean Cruises Ltd (NYSE:RCL) has been given a consensus rating of “Buy” by the twenty-one brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $127.39.

Several research analysts recently commented on the company. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Macquarie lowered Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research report on Thursday, November 30th. SunTrust Banks reiterated a “buy” rating and issued a $137.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, November 10th. Finally, Deutsche Bank lifted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the completion of the transaction, the chief executive officer now owns 847,741 shares in the company, valued at $104,272,143. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Neuberger Berman Group LLC raised its stake in shares of Royal Caribbean Cruises by 1.2% during the second quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after acquiring an additional 28 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Royal Caribbean Cruises by 0.3% during the second quarter. Commonwealth Bank of Australia now owns 20,725 shares of the company’s stock valued at $2,262,000 after acquiring an additional 70 shares in the last quarter. Signet Financial Management LLC raised its stake in shares of Royal Caribbean Cruises by 4.8% during the second quarter. Signet Financial Management LLC now owns 2,200 shares of the company’s stock valued at $240,000 after acquiring an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Royal Caribbean Cruises by 9.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock valued at $146,000 after acquiring an additional 119 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of Royal Caribbean Cruises by 0.4% during the second quarter. Eaton Vance Management now owns 42,927 shares of the company’s stock valued at $4,689,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 73.16% of the company’s stock.

Royal Caribbean Cruises (RCL) traded up $2.12 on Tuesday, reaching $127.53. The company had a trading volume of 1,523,800 shares, compared to its average volume of 1,300,000. The stock has a market capitalization of $27,300.00, a price-to-earnings ratio of 17.03, a P/E/G ratio of 0.63 and a beta of 1.06. Royal Caribbean Cruises has a 12 month low of $84.03 and a 12 month high of $133.75. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $3.20 earnings per share. analysts predict that Royal Caribbean Cruises will post 7.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.88%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.04%.

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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).

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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