Royal Caribbean Cruises Ltd. (RCL) Trading Down 3.2%
Royal Caribbean Cruises Ltd. (NYSE:RCL)’s share price fell 3.2% on Friday . The stock traded as low as $70.10 and last traded at $70.35, with a volume of 1,364,824 shares trading hands. The stock had previously closed at $72.71.
Several research firms have weighed in on RCL. Tigress Financial upgraded Royal Caribbean Cruises to a “buy” rating in a report on Tuesday, May 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, May 24th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Vetr lowered Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating and set a $84.42 price objective on the stock. in a research note on Monday, May 16th. Finally, Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $95.08.
The firm has a market cap of $15.07 billion and a price-to-earnings ratio of 19.98. The company has a 50-day moving average of $71.24 and a 200 day moving average of $74.24.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.07. During the same period last year, the company posted $0.84 EPS. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.17 billion. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post $6.10 earnings per share for the current fiscal year.
In other Royal Caribbean Cruises news, CEO Lisa Lutoff-Perlo sold 6,790 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $74.46, for a total value of $505,583.40. Following the completion of the transaction, the chief executive officer now owns 34,450 shares of the company’s stock, valued at approximately $2,565,147. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Vagn O. Sorensen purchased 1,100 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was bought at an average cost of $70.50 per share, with a total value of $77,550.00. Following the purchase, the director now owns 18,871 shares in the company, valued at $1,330,405.50. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Royal Caribbean Cruises stock. Employees Retirement System of Texas increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Employees Retirement System of Texas’ holdings in Royal Caribbean Cruises were worth $1,518,000 as of its most recent filing with the SEC.
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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