Royal Caribbean Cruises Ltd. (NYSE:RCL) shares dropped 5.5% during trading on Tuesday . The stock traded as low as $69.67 and last traded at $69.90, with a volume of 4,783,045 shares changing hands. The stock had previously closed at $73.98.

RCL has been the topic of several research reports. Vetr upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $84.42 price target on the stock in a report on Monday, April 18th. Nomura restated a “buy” rating and issued a $96.00 price target on shares of Royal Caribbean Cruises in a report on Friday, April 15th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Tuesday, April 12th. SunTrust Banks Inc. cut their price target 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. Finally, Goldman Sachs Group Inc. raised their price target on shares of Royal Caribbean Cruises from $91.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus price target of $94.63.

The stock’s 50 day moving average price is $71.17 and its 200-day moving average price is $74.90. The company has a market cap of $14.85 billion and a P/E ratio of 19.69.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results 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 analyst estimates of $2.17 billion. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.15 EPS for the current fiscal year.

In related news, CEO Richard D. Fain bought 29,190 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $68.52 per share, for a total transaction of $2,000,098.80. Following the acquisition, the chief executive officer now owns 1,068,881 shares in the company, valued at $73,239,726.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa Lutoff-Perlo sold 6,790 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $74.46, for a total value of $505,583.40. Following the completion of the sale, the chief executive officer now owns 34,450 shares of the company’s stock, valued at $2,565,147. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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. Suntrust Banks Inc. increased 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 valued at $1,390,000 after buying an additional 5,720 shares in the last quarter. Employees Retirement System of Texas increased 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 valued at $1,518,000 after buying an additional 2,000 shares in the last quarter. Advantus Capital Management Inc increased 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 valued at $1,679,000 after buying an additional 541 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Royal Caribbean Cruises by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,334 shares of the company’s stock valued at $2,362,000 after buying an additional 1,313 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.