Royal Caribbean Cruises Ltd. (RCL) Trading Up 0.8%
Royal Caribbean Cruises Ltd. (NYSE:RCL) shares were up 0.8% on Wednesday . The company traded as high as $71.50 and last traded at $70.72, with a volume of 1,454,506 shares trading hands. The stock had previously closed at $70.13.
A number of research analysts have weighed in on RCL shares. Citigroup Inc. restated a “buy” rating and issued a $95.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, August 24th. Zacks Investment Research lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. Nomura restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, June 15th. Credit Suisse Group AG restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, May 24th. 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 objective on the stock. 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 company currently has an average rating of “Buy” and a consensus target price of $95.08.
The firm has a market capitalization of $15.31 billion and a PE ratio of 20.29. The firm has a 50 day moving average of $71.34 and a 200-day moving average of $74.30.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, August 2nd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business earned $2.11 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post $6.08 EPS for the current year.
In other Royal Caribbean Cruises news, CEO Lisa Lutoff-Perlo sold 6,790 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $74.46, for a total transaction of $505,583.40. Following the completion of the sale, the chief executive officer now directly owns 34,450 shares in the company, valued at $2,565,147. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fain purchased 29,190 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average price of $68.52 per share, with a total value of $2,000,098.80. Following the completion of the purchase, the chief executive officer now directly 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 number of large investors have recently made changes to their positions in RCL. Bank of Montreal Can raised its stake in shares of 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 in the last quarter. Employees Retirement System of Texas raised its stake in shares of 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 in the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of 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 in 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.