Share on StockTwits

Royal Caribbean Cruises (NYSE:RCL) CEO Michael W. Bayley sold 19,206 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $54.08, for a total value of $1,038,660.48. Following the transaction, the chief executive officer now directly owns 53,489 shares of the company’s stock, valued at approximately $2,892,685. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

RCL has been the subject of a number of recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, May 14th. They now have a $56.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 14th. They now have a $63.00 price target on the stock, up previously from $54.00. Finally, analysts at Zacks downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $54.00 price target on the stock. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.12.

Royal Caribbean Cruises (NYSE:RCL) traded down 0.11% on Tuesday, hitting $54.15. 1,679,594 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 52-week low of $31.37 and a 52-week high of $56.66. The stock has a 50-day moving average of $52.38 and a 200-day moving average of $49.64. The company has a market cap of $12.028 billion and a P/E ratio of 28.43.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.35 earnings per share. Royal Caribbean Cruises’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises will post $3.40 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 5th. Investors of record on Tuesday, May 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, May 16th.

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.