Royal Caribbean Cruises Sets New 52-Week High at $57.38 (RCL)
Royal Caribbean Cruises (NYSE:RCL) reached a new 52-week high on Tuesday , Stock Ratings News reports. The stock traded as high as $57.38 and last traded at $57.12, with a volume of 1,400,106 shares. The stock had previously closed at $56.89.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and an average price target of $56.12.
The stock has a 50-day moving average of $54.25 and a 200-day moving average of $51.22. The company has a market cap of $12.618 billion and a P/E ratio of 29.83.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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. On average, analysts predict that Royal Caribbean Cruises will post $3.39 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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