Royal Caribbean Cruises Ltd. (NYSE:RCL)‘s stock had its “buy” rating reissued by research analysts at UBS AG in a research note issued to investors on Tuesday, www.flashratings.com reports. They presently have a $131.00 price target on the stock, up from their previous price target of $112.00. UBS AG’s target price would suggest a potential upside of 9.35% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Deutsche Bank AG dropped their price objective on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Nomura increased their price objective on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Wedbush reaffirmed an “outperform” rating and issued a $129.00 price objective (up previously from $125.00) on shares of Royal Caribbean Cruises in a report on Tuesday. Finally, Buckingham Research increased their price objective on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.23.

Shares of Royal Caribbean Cruises (RCL) traded up 1.73% on Tuesday, hitting $119.80. 2,409,645 shares of the stock were exchanged. Royal Caribbean Cruises has a one year low of $65.10 and a one year high of $121.47. The firm has a market cap of $25.77 billion, a price-to-earnings ratio of 16.81 and a beta of 1.06. The firm’s 50 day moving average price is $112.38 and its 200 day moving average price is $103.07.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Royal Caribbean Cruises will post $7.43 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock repurchase program on Friday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/08/royal-caribbean-cruises-ltd-nysercl-rating-reiterated-by-ubs-ag.html.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 210,706 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the transaction, the chief executive officer now directly owns 967,741 shares in the company, valued at $112,093,440.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $107.77, for a total transaction of $2,155,400.00. Following the completion of the transaction, the chief executive officer now owns 1,007,741 shares of the company’s stock, valued at $108,604,247.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 452,499 shares of company stock valued at $52,583,811. Corporate insiders own 15.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commerce Bank boosted its position in shares of Royal Caribbean Cruises by 1.4% in the second quarter. Commerce Bank now owns 4,699 shares of the company’s stock valued at $513,000 after buying an additional 66 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Royal Caribbean Cruises by 51.6% in the second quarter. Principal Financial Group Inc. now owns 400,074 shares of the company’s stock valued at $43,699,000 after buying an additional 136,241 shares during the last quarter. Mik Capital LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $51,269,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Royal Caribbean Cruises by 14.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,723 shares of the company’s stock valued at $844,000 after buying an additional 953 shares during the last quarter. Finally, Svenska Handelsbanken AB publ boosted its position in shares of Royal Caribbean Cruises by 35.0% in the second quarter. Svenska Handelsbanken AB publ now owns 13,500 shares of the company’s stock valued at $1,475,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 71.67% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Cruises Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.