Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) fell 2% during trading on Thursday . The company traded as low as $70.01 and last traded at $70.06, with a volume of 921,296 shares. The stock had previously closed at $71.52.

A number of equities analysts have recently weighed in on the company. Vetr upgraded Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating and set a $84.42 target price on the stock in a research note on Monday, April 25th. Credit Suisse Group AG restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, May 24th. Stifel Nicolaus cut their target price on Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, SunTrust Banks Inc. cut their target price 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 investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $94.63.

The firm has a 50-day moving average of $70.82 and a 200-day moving average of $74.36. The stock has a market cap of $15.09 billion and a PE ratio of 20.01.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 2nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. During the same period last year, the firm posted $0.84 EPS. The company earned $2.11 billion during the quarter, compared to the consensus estimate of $2.17 billion. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post $6.07 EPS for the current year.

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,183 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $71.07, for a total value of $865,845.81. Following the completion of the sale, the chief executive officer now owns 82,943 shares of the company’s stock, valued at approximately $5,894,759.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lisa Lutoff-Perlo sold 6,790 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $74.46, for a total transaction of $505,583.40. Following the completion of the sale, the chief executive officer now directly owns 34,450 shares of the company’s stock, valued at approximately $2,565,147. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Suntrust Banks Inc. increased its stake in 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 period. 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 valued at $1,518,000 after buying an additional 2,000 shares in the last quarter. Eaton Vance Management acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at $4,316,000. BNP Paribas Arbitrage SA boosted its position in shares of Royal Caribbean Cruises by 279.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 101,645 shares of the company’s stock valued at $10,287,000 after buying an additional 74,841 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Royal Caribbean Cruises by 24.8% in the fourth quarter. KBC Group NV now owns 110,576 shares of the company’s stock valued at $11,191,000 after buying an additional 21,959 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.