Insider Selling: Royal Caribbean Cruises Director Sells 10,014 Shares of Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) Director Bernt Reitan sold 10,014 shares of Royal Caribbean Cruises stock on the open market in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $50.47, for a total value of $505,406.58. Following the sale, the director now directly owns 28,452 shares of the company’s stock, valued at approximately $1,435,972. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Royal Caribbean Cruises from $50.00 to $57.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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, January 28th. They now have an “overweight” rating on the stock. Finally, 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, January 28th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $52.53.
Royal Caribbean Cruises (NYSE:RCL) traded down 0.02% on Friday, hitting $50.61. 1,777,255 shares of the company’s stock traded hands. Royal Caribbean Cruises has a one year low of $31.35 and a one year high of $51.18. The stock’s 50-day moving average is $48.34 and its 200-day moving average is $42.09. The company has a market cap of $11.158 billion and a P/E ratio of 23.65.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Royal Caribbean Cruises will post $3.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, February 13th.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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