Royal Caribbean Cruises Price Target Increased to $56.00 by Analysts at Aegis (RCL)
Aegis upped their price target on shares of Royal Caribbean Cruises (NYSE:RCL) from $52.00 to $56.00 in a research note issued on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Aegis’ price objective points to a potential upside of 20.27% from the stock’s previous close.
Royal Caribbean Cruises (NYSE:RCL) traded up 1.99% on Thursday, hitting $47.485. 1,544,442 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 52 week low of $31.35 and a 52 week high of $47.66. The stock has a 50-day moving average of $44.96 and a 200-day moving average of $39.94. The company has a market cap of $10.444 billion and a P/E ratio of 140.24.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly 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. On average, analysts predict that Royal Caribbean Cruises will post $2.35 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, December 19th. Separately, analysts at Telsey Advisory Group raised their price target on shares of Royal Caribbean Cruises from $44.00 to $48.00 in a research note to investors on Tuesday, December 17th. They now have a “not rated” rating on the stock. Finally, analysts at S&P Equity Research upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note to investors on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $45.89.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.