Royal Caribbean Cruises Sets New 12-Month High at $63.66 (RCL)
Royal Caribbean Cruises (NYSE:RCL)’s share price reached a new 52-week high on Monday , Analyst Ratings Network reports. The company traded as high as $63.66 and last traded at $63.35, with a volume of 426,838 shares. The stock had previously closed at $62.47.
A number of research firms have recently commented on RCL. Analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, August 13th. They now have a $64.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. They now have a $73.00 price target on the stock, up previously from $63.00. Finally, analysts at Berenberg Bank raised their price target on shares of Royal Caribbean Cruises from $60.00 to $73.00 in a research note on Monday, July 28th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $62.56.
The stock’s 50-day moving average is $58.29 and its 200-day moving average is $54.23. The company has a market cap of $14.152 billion and a price-to-earnings ratio of 25.88.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post $3.47 EPS for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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