Royal Caribbean Cruises PT Raised to $56.00 (RCL)
Research analysts at Barclays lifted their price target on shares of Royal Caribbean Cruises (NYSE:RCL) from $50.00 to $56.00 in a report released on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 16.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura raised their price target on shares of Royal Caribbean Cruises from $50.00 to $56.00 in a research note to investors on Tuesday. Separately, 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. They now have an “outperform” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.95.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 3.14% on Tuesday, hitting $49.55. 2,629,985 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 $50.24. The stock has a 50-day moving average of $46.87 and a 200-day moving average of $41.29. The company has a market cap of $10.898 billion and a P/E ratio of 144.70.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Royal Caribbean Cruises will post $2.36 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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