Royal Caribbean Cruises Ltd. (NYSE:RCL) was down 2.4% during trading on Friday . The company traded as low as $69.20 and last traded at $70.18, with a volume of 1,575,489 shares trading hands. The stock had previously closed at $71.88.

A number of equities research analysts have commented on RCL shares. Goldman Sachs Group Inc. lifted their target price on Royal Caribbean Cruises from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, April 26th. Vetr downgraded Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating and set a $84.42 target price on the stock. in a research report on Monday, April 11th. Nomura Holdings Inc. restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, June 15th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, April 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, May 24th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $94.97.

The firm’s 50 day moving average is $72.79 and its 200-day moving average is $77.46. The stock has a market capitalization of $15.15 billion and a price-to-earnings ratio of 21.43.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Friday, April 29th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.26. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.25 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Clifford Swan Investment Counsel LLC raised its position in Royal Caribbean Cruises by 24.4% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 12,655 shares of the company’s stock valued at $1,281,000 after buying an additional 2,480 shares during the period. Principal Financial Group Inc. raised its position in Royal Caribbean Cruises by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 246,213 shares of the company’s stock valued at $24,919,000 after buying an additional 4,484 shares during the period. Bank of Montreal Can raised its position in Royal Caribbean Cruises by 90.4% in the fourth quarter. Bank of Montreal Can now owns 136,374 shares of the company’s stock valued at $13,803,000 after buying an additional 64,760 shares during the period. Morgan Stanley raised its position in Royal Caribbean Cruises by 30.8% in the fourth quarter. Morgan Stanley now owns 269,024 shares of the company’s stock valued at $27,229,000 after buying an additional 63,283 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Royal Caribbean Cruises by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,211 shares of the company’s stock valued at $1,135,000 after buying an additional 188 shares during the period.

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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