Royal Caribbean Cruises PT Raised to $45.00 at UBS AG (RCL)
Equities research analysts at UBS AG increased their target price on shares of Royal Caribbean Cruises (NYSE:RCL) from $40.00 to $45.00 in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective indicates a potential upside of 3.66% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday. They now have a $46.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Royal Caribbean Cruises to a “buy” rating in a research note to investors on Monday. Finally, analysts at Susquehanna raised their price target on shares of Royal Caribbean Cruises from $45.00 to $50.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.50.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded down 0.14% on Monday, hitting $43.41. The stock had a trading volume of 2,639,676 shares. Royal Caribbean Cruises has a 52 week low of $29.69 and a 52 week high of $40.00. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $35.43. The company has a market cap of $9.546 billion and a P/E ratio of 130.93.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $2.31 earnings per share for the current fiscal year.
In other Royal Caribbean Cruises news, CEO Adam M. Goldstein sold 7,855 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $43.22, for a total value of $339,493.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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