Royal Caribbean Cruises Receives Average Rating of “Buy” from Analysts (NYSE:RCL)
Royal Caribbean Cruises (NYSE:RCL) has been given a consensus recommendation of “Buy” by the twenty-six ratings firms that are covering the company, Stock Ratings Network reports. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $64.24.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.83% during mid-day trading on Thursday, hitting $65.54. The stock had a trading volume of 163,593 shares. Royal Caribbean Cruises has a one year low of $35.97 and a one year high of $66.07. The stock has a 50-day moving average of $61.12 and a 200-day moving average of $55.46. The company has a market cap of $14.570 billion and a P/E ratio of 26.93.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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.
In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 35,948 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $63.85, for a total value of $2,295,279.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on RCL shares. Analysts at Jefferies Group raised their price target on shares of Royal Caribbean Cruises from $58.00 to $73.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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