Royal Caribbean Cruises Ltd. (RCL) Shares Gap Up to $71.11
Royal Caribbean Cruises Ltd. (NYSE:RCL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $71.05, but opened at $71.11. Royal Caribbean Cruises shares last traded at $72.12, with a volume of 1,570,155 shares trading hands.
Several equities analysts have recently issued reports on the company. Credit Suisse Group AG reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, May 24th. Vetr raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating and set a $84.42 price target for the company in a report on Monday, May 9th. Stifel Nicolaus reduced their price target on Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Sterne Agee CRT started coverage on Royal Caribbean Cruises in a report on Tuesday, June 7th. They issued a “neutral” rating and a $83.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $95.08.
The company has a market capitalization of $15.07 billion and a price-to-earnings ratio of 19.98. The stock’s 50 day moving average price is $71.24 and its 200-day moving average price is $74.24.
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 Zacks’ consensus estimate of $1.02 by $0.07. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.17 billion. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Equities research analysts predict 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 Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 18th. The stock was purchased at an average price of $70.50 per share, for a total transaction of $77,550.00. Following the completion of the transaction, the director now directly owns 18,871 shares in the company, valued at $1,330,405.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain acquired 29,190 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $68.52 per share, with a total value of $2,000,098.80. Following the transaction, the chief executive officer now owns 1,068,881 shares of the company’s stock, valued at $73,239,726.12. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Royal Caribbean Cruises stock. BlackRock Advisors LLC boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 44.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,302 shares of the company’s stock after buying an additional 48,118 shares during the period. BlackRock Advisors LLC owned 0.07% of Royal Caribbean Cruises worth $15,920,000 at the end of the most recent reporting period.
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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