Royal Caribbean Cruises Ltd. (NYSE:RCL) shares fell 5.5% on Tuesday . The company 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.

A number of research analysts have commented on RCL shares. Vetr upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $84.42 price objective on the stock in a research note on Monday, April 18th. Nomura restated a “buy” rating and set a $96.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, April 15th. Credit Suisse Group AG restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, May 24th. Morgan Stanley reduced their price objective on Royal Caribbean Cruises from $99.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Finally, SunTrust Banks Inc. reduced their price objective on Royal Caribbean Cruises from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, May 2nd. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $94.63.

The company has a market capitalization of $15.13 billion and a P/E ratio of 20.05. The company’s 50-day moving average is $70.78 and its 200-day moving average is $74.74.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. During the same quarter last year, the company posted $0.84 EPS. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.17 billion. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post $6.08 EPS for the current fiscal year.

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

A number of hedge funds have made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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 valued at $1,135,000 after buying an additional 188 shares during the last quarter. Morgan Stanley increased its stake in shares of 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 last quarter. Bank of Montreal Can increased its stake in shares of 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 last quarter. Principal Financial Group Inc. increased its stake in shares of 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 last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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 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.

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.