Insider Selling: Royal Caribbean Cruises CEO Sells 11,635 Shares of Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) CEO Barbier Gonzalo Chico unloaded 11,635 shares of Royal Caribbean Cruises stock on the open market in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $49.27, for a total transaction of $573,256.45. Following the completion of the sale, the chief executive officer now directly owns 65,648 shares in the company, valued at approximately $3,234,477. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Royal Caribbean Cruises (NYSE:RCL) traded down 1.35% during mid-day trading on Wednesday, hitting $48.99. The stock had a trading volume of 2,750,081 shares. Royal Caribbean Cruises has a 52 week low of $31.35 and a 52 week high of $50.24. The stock’s 50-day moving average is $47.20 and its 200-day moving average is $41.45. The company has a market cap of $10.801 billion and a price-to-earnings ratio of 23.21.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post $3.19 EPS for the current fiscal year.
A number of research firms have recently commented on RCL. Analysts at Barclays raised their price target on shares of Royal Caribbean Cruises from $50.00 to $56.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.95.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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