Insider Selling: Harri Kulovaara Sells 11,483 Shares of Royal Caribbean Cruises Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) EVP Harri Kulovaara sold 11,483 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $39.33, for a total value of $451,626.39. Following the transaction, the executive vice president now directly owns 42,933 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RCL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises (NYSE:RCL) in a research note to investors on Monday. They now have a $39.00 price target on the stock. Separately, analysts at Carnegie upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at Susquehanna upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a “neutral” rating to a “positive” rating in a research note to investors on Wednesday, September 4th. They now have a $45.00 price target on the stock, up previously from $36.00.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.86.
Royal Caribbean Cruises (NYSE:RCL) traded up 0.59% during mid-day trading on Thursday, hitting $38.95. The stock had a trading volume of 3,757,066 shares. Royal Caribbean Cruises has a one year low of $29.69 and a one year high of $40.00. The stock’s 50-day moving average is $37.87 and its 200-day moving average is $35.39. The company has a market cap of $8.555 billion and a P/E ratio of 113.22.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.14. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $2.30 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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