Insider Selling: Harri U. Kulovaara Unloads 35,948 Shares of Royal Caribbean Cruises Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) EVP Harri U. Kulovaara sold 35,948 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $63.85, for a total value of $2,295,279.80. Following the completion of the transaction, the executive vice president now directly owns 32,905 shares in the company, valued at approximately $2,100,984. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RCL has been the subject of a number of recent research reports. 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 research 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 stock currently has a consensus rating of “Buy” and an average price target of $62.56.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.36% during mid-day trading on Thursday, hitting $63.76. 1,299,040 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 1-year low of $35.67 and a 1-year high of $63.95. The stock has a 50-day moving average of $59.18 and a 200-day moving average of $54.63. The company has a market cap of $14.174 billion and a price-to-earnings ratio of 26.32.
Royal Caribbean Cruises (NYSE:RCL) last released its 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 $3.48 EPS for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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