Royal Caribbean Cruises PT Raised to $73.00 at Jefferies Group (RCL)
Investment analysts at Jefferies Group increased their price objective on shares of Royal Caribbean Cruises (NYSE:RCL) from $58.00 to $73.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 13.41% from the company’s current price.
In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 35,948 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $63.85, for a total transaction of $2,295,279.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus price target of $64.24.
Royal Caribbean Cruises (NYSE:RCL) opened at 64.37 on Wednesday. Royal Caribbean Cruises has a 52 week low of $35.97 and a 52 week high of $64.39. The stock has a 50-day moving average of $60.68 and a 200-day moving average of $55.37. The company has a market cap of $14.310 billion and a P/E ratio of 26.67.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $3.48 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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