DNB Markets Downgrades Royal Caribbean Cruises to Hold (RCL)
Royal Caribbean Cruises (NYSE:RCL) was downgraded by stock analysts at DNB Markets to a “hold” rating in a report issued on Friday, American Banking News.com reports.
RCL has been the subject of a number of other recent research reports. Analysts at Aegis raised their price target on shares of Royal Caribbean Cruises from $52.00 to $56.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.89.
Royal Caribbean Cruises (NYSE:RCL) opened at 47.64 on Friday. Royal Caribbean Cruises has a one year low of $31.35 and a one year high of $47.81. The stock’s 50-day moving average is $45.12 and its 200-day moving average is $39.99. The company has a market cap of $10.478 billion and a price-to-earnings 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.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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