Royal Caribbean Cruises Given Consensus Rating of “Buy” by Brokerages (NYSE:RCL)
Shares of Royal Caribbean Cruises (NYSE:RCL) have been given an average recommendation of “Buy” by the twenty-six brokerages that are currently covering the company, American Banking & Market News reports. Eight investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $54.88.
Several analysts have recently commented on the stock. Analysts at Pareto Securities downgraded shares of Royal Caribbean Cruises to a “hold” rating in a research note on Tuesday, April 8th. Separately, analysts at Swedbank downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “neutral” rating in a research note on Thursday, April 3rd. Finally, analysts at Handelsbanken upgraded shares of Royal Caribbean Cruises from an “accumulate” rating to a “buy” rating in a research note on Tuesday, April 1st. They now have a $65.00 price target on the stock, up previously from $58.00.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.61% on Thursday, hitting $52.95. 1,383,213 shares of the company’s stock traded hands. Royal Caribbean Cruises has a one year low of $31.37 and a one year high of $56.66. The stock has a 50-day moving average of $52.58 and a 200-day moving average of $47.44. The company has a market cap of $11.713 billion and a P/E ratio of 24.59.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 24th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.07. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $3.36 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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