Royal Caribbean Cruises Ltd. (RCL) Trading Down 1.5%
Royal Caribbean Cruises Ltd. (NYSE:RCL) shares were down 1.5% during mid-day trading on Wednesday . The company traded as low as $65.94 and last traded at $66.30, with a volume of 1,508,456 shares changing hands. The stock had previously closed at $67.31.
A number of research analysts have issued reports on RCL shares. Vetr cut Royal Caribbean Cruises from a “sell” rating to a “strong sell” rating and set a $70.58 price objective for the company. in a report on Thursday, March 31st. Nomura Holdings Inc. reissued a “buy” rating and set a $96.00 price objective on shares of Royal Caribbean Cruises in a report on Friday, April 15th. Morgan Stanley cut their price objective on Royal Caribbean Cruises from $99.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, May 26th. Sterne Agee CRT started coverage on Royal Caribbean Cruises in a report on Tuesday, June 7th. They set a “neutral” rating and a $83.00 price objective for the company. Finally, Goldman Sachs Group Inc. lifted their price objective on Royal Caribbean Cruises from $91.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus target price of $94.97.
The firm’s 50-day moving average is $74.18 and its 200-day moving average is $78.42. The firm has a market cap of $14.29 billion and a price-to-earnings ratio of 20.21.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Friday, April 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.31 by $0.26. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post $6.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Investors of record on Tuesday, May 31st were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.50 annualized dividend and a yield of 2.26%.
Other large investors have added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 in the last quarter. Clifford Swan Investment Counsel LLC boosted its stake in Royal Caribbean Cruises by 24.4% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 12,655 shares of the company’s stock valued at $1,281,000 after buying an additional 2,480 shares in the last quarter. Suntrust Banks Inc. boosted 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 valued at $1,390,000 after buying an additional 5,720 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Royal Caribbean Cruises by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 16,592 shares of the company’s stock valued at $1,679,000 after buying an additional 541 shares in the last quarter. Finally, Atlanta Capital Group acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $1,790,000.
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.