Royal Caribbean Cruises Ltd. (NYSE:RCL)’s share price traded down 6.7% during trading on Tuesday . The stock traded as low as $66.86 and last traded at $67.05, with a volume of 4,833,581 shares changing hands. The stock had previously closed at $71.86.

Several equities analysts have commented on the stock. Credit Suisse Group AG reissued a “buy” rating and issued a $100.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday. Stifel Nicolaus decreased their target price on shares of Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, June 15th. Finally, Sterne Agee CRT began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, June 7th. They set a “neutral” rating and a $83.00 price target on the stock. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.63.

The firm’s 50 day moving average is $71.18 and its 200-day moving average is $75.09. The company has a market capitalization of $15.83 billion and a P/E ratio of 20.98.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post $6.20 earnings per share for the current fiscal year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain purchased 29,190 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average cost of $68.52 per share, for a total transaction of $2,000,098.80. Following the completion of the transaction, the chief executive officer now directly owns 1,068,881 shares of the company’s stock, valued at $73,239,726.12. The purchase was disclosed in a filing with the SEC, which is available at this link.

A number of hedge funds and institutional investors have modified their holdings of RCL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 worth $1,135,000 after buying an additional 188 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Royal Caribbean Cruises by 71.3% in the fourth quarter. Suntrust Banks Inc. now owns 13,742 shares of the company’s stock worth $1,390,000 after buying an additional 5,720 shares during the last quarter. Employees Retirement System of Texas boosted its position in shares of Royal Caribbean Cruises by 15.4% in the fourth quarter. Employees Retirement System of Texas now owns 15,000 shares of the company’s stock worth $1,518,000 after buying an additional 2,000 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Royal Caribbean Cruises by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 16,592 shares of the company’s stock worth $1,679,000 after buying an additional 541 shares during the last quarter. Finally, Atlanta Capital Group acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $1,790,000.

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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