Royal Caribbean Cruises Sets New 12-Month High at $56.88 (RCL)
Royal Caribbean Cruises (NYSE:RCL) shares reached a new 52-week high during mid-day trading on Friday , American Banking News.com reports. The stock traded as high as $56.88 and last traded at $56.66, with a volume of 403,961 shares. The stock had previously closed at $56.32.
A number of research firms have recently commented on RCL. 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 equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.12.
The stock’s 50-day moving average is $53.05 and its 200-day moving average is $50.16. The company has a market cap of $12.617 billion and a P/E ratio of 29.53.
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.
In other Royal Caribbean Cruises news, COO Adam M. Goldstein sold 4,869 shares of the stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $55.14, for a total value of $268,476.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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