Royal Caribbean Cruises Ltd. Reaches New 52-Week High at $51.24 (RCL)
Shares of Royal Caribbean Cruises (NYSE:RCL) reached a new 52-week high on Monday , Stock Ratings Network.com reports. The company traded as high as $51.24 and last traded at $50.78, with a volume of 1,104,986 shares trading hands. The stock had previously closed at $50.61.
A number of analysts have recently weighed in on RCL shares. 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, February 3rd. 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 research analysts have rated the stock with 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 a consensus rating of “Buy” and an average target price of $52.53.
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 $11.209 billion and a price-to-earnings ratio of 23.65.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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. On average, analysts predict that Royal Caribbean Cruises will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, February 13th.
In other Royal Caribbean Cruises news, Director Bernt Reitan unloaded 10,014 shares of the stock 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 completion of the sale, the director now directly owns 28,452 shares in the company, valued at approximately $1,435,972. The sale was disclosed in a filing with the SEC, which is available at this link.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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