Royal Caribbean Cruises Ltd. (RCL) Shares Up 0.8%
Royal Caribbean Cruises Ltd. (NYSE:RCL) shares shot up 0.8% on Wednesday . The stock traded as high as $71.50 and last traded at $70.72, with a volume of 1,454,506 shares traded. The stock had previously closed at $70.13.
Several research firms have recently weighed in on RCL. Citigroup Inc. reaffirmed a “buy” rating and set a $95.00 price objective on shares of Royal Caribbean Cruises in a research report on Wednesday, August 24th. Zacks Investment Research cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $100.00 price objective on shares of Royal Caribbean Cruises in a research report on Wednesday, August 3rd. Stifel Nicolaus reduced their price objective on Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Finally, Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.08.
The firm has a market cap of $15.33 billion and a PE ratio of 20.33. The stock’s 50 day moving average is $71.25 and its 200-day moving average is $74.28.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm earned $2.11 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Royal Caribbean Cruises’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $6.08 EPS for the current fiscal year.
In other news, Director Vagn O. Sorensen acquired 1,100 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average price of $70.50 per share, for a total transaction of $77,550.00. Following the completion of the purchase, the director now owns 18,871 shares in the company, valued at $1,330,405.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fain acquired 29,190 shares of the company’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 owns 1,068,881 shares of the company’s stock, valued at approximately $73,239,726.12. The disclosure for this purchase can be found here.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in 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. Employees Retirement System of Texas increased its position in 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 during the last quarter. Finally, BlackRock Advisors LLC increased its position in Royal Caribbean Cruises by 44.1% in the fourth quarter. BlackRock Advisors LLC now owns 157,302 shares of the company’s stock valued at $15,920,000 after buying an additional 48,118 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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