Royal Caribbean Cruises Price Target Increased to $50.00 by Analysts at Nomura (RCL)
Analysts at Nomura lifted their price objective on shares of Royal Caribbean Cruises (NYSE:RCL) to $50.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. Nomura’s target price indicates a potential upside of 18.06% from the company’s current price.
A number of other firms have also recently commented on RCL. Analysts at Barclays raised their price target on shares of Royal Caribbean Cruises from $40.00 to $50.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Royal Caribbean Cruises to $45.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Longbow Research upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.44.
Royal Caribbean Cruises (NYSE:RCL) traded up 1.84% during mid-day trading on Friday, hitting $43.13. 1,841,413 shares of the company’s stock traded hands. 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 $37.95 and its 200-day moving average is $35.43. The company has a market cap of $9.473 billion and a price-to-earnings ratio of 123.83.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, October 24th. The company reported $1.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.65 by $0.06. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company posted $1.68 earnings per share. Royal Caribbean Cruises’s revenue was up 2.0% compared to the same quarter last year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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