Royal Caribbean Cruises Downgraded to Buy at S&P Equity Research (RCL)
RCL has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday, March 11th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note to investors on Thursday, February 14th. They now have a $37.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note to investors on Thursday, February 7th.
One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.17.
Royal Caribbean Cruises (NYSE: RCL) traded down 0.22% on Friday, hitting $32.03. Royal Caribbean Cruises has a 1-year low of $22.12 and a 1-year high of $38.56. The stock’s 50-day moving average is currently $34.75. The company has a market cap of $7.020 billion and a price-to-earnings ratio of 401.25.
Royal Caribbean Cruises (NYSE: RCL) last released its earnings data on Monday, February 4th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.04. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Royal Caribbean Cruises has set its Q1 guidance at $0.10-0.20 EPS and its FY13 guidance at $2.30-2.50 EPS. On average, analysts predict that Royal Caribbean Cruises will post $2.48 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE: RCL) is a cruise company. As of December 31, 2010, the Company operated 40 ships in the cruise vacation industry with approximately 92,300 berths.
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