Royal Caribbean Cruises Price Target Raised to $56.00 at Nomura (RCL)
Analysts at Nomura raised their price objective on shares of Royal Caribbean Cruises (NYSE:RCL) from $50.00 to $56.00 in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. Nomura’s target price points to a potential upside of 16.57% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Royal Caribbean Cruises from $45.00 to $53.00 in a research note to investors on Tuesday. Separately, analysts at Carnegie downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $52.00 to $60.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.63.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Monday, January 27th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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