Royal Caribbean Cruises Lowered to Hold at Danske Bank (RCL)
Shares of Royal Caribbean Cruises (NYSE:RCL) opened at 63.06 on Friday. Royal Caribbean Cruises has a 1-year low of $35.67 and a 1-year high of $63.25. The stock’s 50-day moving average is $56.0 and its 200-day moving average is $52.91. The company has a market cap of $14.007 billion and a P/E ratio of 31.76.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.14. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $0.23 earnings per share. Royal Caribbean Cruises’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises will post $3.41 EPS for the current fiscal year.
Several other analysts have also 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. Ten research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $60.59.
In other Royal Caribbean Cruises news, COO Adam M. Goldstein sold 42,152 shares of Royal Caribbean Cruises stock on the open market in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $61.68, for a total value of $2,599,935.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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