Royal Caribbean Cruises Ltd. (RCL) Shares Gap Up to $69.56
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) gapped up before the market opened on Tuesday . The stock had previously closed at $68.89, but opened at $69.56. Royal Caribbean Cruises shares last traded at $72.52, with a volume of 1,747,313 shares changing hands.
RCL has been the topic of a number of analyst reports. Vetr cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating and set a $70.58 target price on the stock. in a research report on Wednesday, March 16th. Goldman Sachs Group Inc. lifted their target price on shares of Royal Caribbean Cruises from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Nomura Holdings Inc. reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, June 15th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Tuesday, April 12th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, May 24th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $94.97.
The stock has a market capitalization of $15.71 billion and a price-to-earnings ratio of 22.22. The stock has a 50-day moving average of $73.17 and a 200 day moving average of $77.54.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Friday, April 29th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.26. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.91 billion. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Equities analysts predict that Royal Caribbean Cruises Ltd. will post $6.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Tuesday, May 31st were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, May 26th.
Other hedge funds and institutional investors recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 14,748,019 shares of the company’s stock worth $1,492,647,000 after buying an additional 465,474 shares during the last quarter. UBS Oconnor LLC boosted its position in Royal Caribbean Cruises by 625.9% in the fourth quarter. UBS Oconnor LLC now owns 178,105 shares of the company’s stock worth $18,026,000 after buying an additional 153,570 shares during the last quarter. First Trust Advisors LP boosted its position in Royal Caribbean Cruises by 117.3% in the fourth quarter. First Trust Advisors LP now owns 202,550 shares of the company’s stock worth $20,500,000 after buying an additional 109,350 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Royal Caribbean Cruises by 279.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 101,645 shares of the company’s stock worth $10,287,000 after buying an additional 74,841 shares during the last quarter. Finally, Bank of Montreal Can boosted 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 worth $13,803,000 after buying an additional 64,760 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.
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.