Royal Caribbean Cruises Ltd. (RCL) Stock Price Down 2.4%
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 2.4% during trading on Friday . The stock traded as low as $69.20 and last traded at $70.18, with a volume of 1,575,489 shares changing hands. The stock had previously closed at $71.88.
RCL has been the topic of several recent analyst reports. Tigress Financial upgraded shares of Royal Caribbean Cruises to a “buy” rating in a report on Tuesday, May 31st. Credit Suisse Group AG restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, May 24th. Vetr downgraded shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating and set a $84.42 price objective on the stock. in a report on Monday, April 11th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Wednesday, June 29th. Finally, SunTrust Banks Inc. cut their price objective on shares of Royal Caribbean Cruises from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, May 2nd. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price of $94.97.
The firm’s 50-day moving average price is $72.64 and its 200 day moving average price is $77.24. The stock has a market cap of $15.15 billion and a P/E ratio of 21.43.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.26. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Royal Caribbean Cruises’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $6.25 earnings per share for the current fiscal year.
Other large investors have recently modified their holdings of the company. MUFG Americas purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth $2,883,000. American Century Companies Inc. bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $2,067,000. ProShare Advisors LLC raised its position in Royal Caribbean Cruises by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 39,194 shares of the company’s stock worth $3,967,000 after buying an additional 665 shares during the last quarter. Teacher Retirement System of Texas raised its position in Royal Caribbean Cruises by 335.8% in the fourth quarter. Teacher Retirement System of Texas now owns 41,057 shares of the company’s stock worth $4,155,000 after buying an additional 31,636 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in Royal Caribbean Cruises by 46.6% in the fourth quarter. OppenheimerFunds Inc. now owns 95,197 shares of the company’s stock worth $9,642,000 after buying an additional 30,257 shares during the last quarter.
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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