A number of research firms have changed their ratings and price targets for Royal Caribbean Cruises (NYSE: RCL):

  • 9/14/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Nomura. They now have a $83.00 price target on the stock.
  • 9/9/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 9/8/2016 – Royal Caribbean Cruises is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $90.00 price target on the stock.
  • 9/7/2016 – Royal Caribbean Cruises was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
  • 8/24/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $95.00 price target on the stock.
  • 8/23/2016 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Royal Caribbean’s second-quarter adjusted earnings of $1.09 per share beat the Zacks Consensus Estimate by 6.9%. Further, earnings increased nearly 30% from the year-ago tally of $0.84. Total revenue increased 2.3% year over year to $2.11 billion, driven by higher onboard spending as well as passenger ticket revenues. However, revenues missed the Zacks Consensus Estimate by 2.9%. Notably, the company slashed its full-year 2016 earnings guidance in view of the negative impact from currency. Meanwhile, higher marketing and promotional spend, along with increased cruise costs might hurt margins in the near term.”
  • 8/17/2016 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Royal Caribbean’s second-quarter adjusted earnings of $1.09 per share beat the Zacks Consensus Estimate by 6.9%. Further, earnings increased nearly 30% from the year-ago tally of $0.84. Total revenue increased 2.3% year over year to $2.11 billion, driven by higher onboard spending as well as passenger ticket revenues. However, revenues missed the Zacks Consensus Estimate by 2.9%. Notably, the company slashed its full-year 2016 earnings guidance in view of the negative impact from currency. Nonetheless, strong booking trends, capacity growth coupled with various profit-generating initiatives bode well. Also, the company’s North American products and Asia itineraries are likely to continue performing strongly as has been the case over the past few quarters. However, higher marketing and promotional spend, along with increased cruise costs might hurt margins in the near term.”
  • 8/3/2016 – Royal Caribbean Cruises had its price target lowered by analysts at Stifel Nicolaus from $94.00 to $93.00. They now have a “buy” rating on the stock.
  • 8/3/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $100.00 price target on the stock.
  • 7/28/2016 – Royal Caribbean Cruises had its price target lowered by analysts at Stifel Nicolaus from $99.00 to $94.00. They now have a “buy” rating on the stock.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) traded down 0.80% on Wednesday, reaching $67.86. 1,646,773 shares of the company’s stock traded hands. The firm has a market cap of $14.61 billion, a P/E ratio of 19.37 and a beta of 1.73. The stock has a 50-day moving average of $69.64 and a 200 day moving average of $73.72. Royal Caribbean Cruises Ltd. has a 12-month low of $64.21 and a 12-month high of $103.40.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Royal Caribbean Cruises had a net margin of 9.05% and a return on equity of 14.76%. The firm earned $2.11 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm posted $0.84 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post $6.08 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 29th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 27th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.38. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 42.98%.

In other Royal Caribbean Cruises news, CEO Richard D. Fain bought 29,190 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $68.52 per share, with a total value of $2,000,098.80. Following the completion of the acquisition, the chief executive officer now owns 1,068,881 shares in the company, valued at approximately $73,239,726.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa Lutoff-Perlo sold 6,790 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $74.46, for a total transaction of $505,583.40. Following the completion of the transaction, the chief executive officer now directly owns 34,450 shares of the company’s stock, valued at $2,565,147. The disclosure for this sale can be found here. 16.80% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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