Royal Caribbean Cruises Ltd. (NYSE:RCL) was downgraded by Goldman Sachs Group, Inc. (The) to a “sell” rating in a report issued on Tuesday.

RCL has been the topic of a number of other research reports. Nomura upped their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Friday, August 4th. Deutsche Bank AG decreased their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a research report on Tuesday, May 2nd. Wedbush reaffirmed an “outperform” rating and issued a $129.00 target price (up previously from $125.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Finally, UBS AG reaffirmed a “buy” rating and issued a $131.00 target price (up previously from $112.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $117.23.

Royal Caribbean Cruises (NYSE:RCL) traded up 2.11% during midday trading on Tuesday, hitting $122.13. 714,365 shares of the stock traded hands. Royal Caribbean Cruises has a 52-week low of $65.10 and a 52-week high of $122.96. The stock has a 50-day moving average of $113.45 and a 200 day moving average of $104.69. The firm has a market cap of $26.27 billion, a PE ratio of 17.13 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises will post $7.44 EPS for the current year.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback plan on Friday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

WARNING: “Royal Caribbean Cruises Ltd. (RCL) Cut to “Sell” at Goldman Sachs Group, Inc. (The)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/15/royal-caribbean-cruises-ltd-rcl-cut-to-sell-at-goldman-sachs-group-inc-the.html.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $109.62, for a total value of $2,192,400.00. Following the transaction, the chief executive officer now directly owns 967,741 shares in the company, valued at $106,083,768.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the completion of the transaction, the chief executive officer now owns 967,741 shares in the company, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders sold 432,499 shares of company stock worth $50,428,411 over the last quarter. 15.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares in the last quarter. BlackRock Inc. raised its position in shares of Royal Caribbean Cruises by 2.5% in the second quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after buying an additional 258,958 shares in the last quarter. State Street Corp raised its position in shares of Royal Caribbean Cruises by 3.3% in the first quarter. State Street Corp now owns 7,057,591 shares of the company’s stock valued at $692,420,000 after buying an additional 223,444 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Royal Caribbean Cruises by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,911,924 shares of the company’s stock valued at $285,711,000 after buying an additional 290,536 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Royal Caribbean Cruises by 18.0% in the first quarter. Ameriprise Financial Inc. now owns 1,994,407 shares of the company’s stock valued at $195,677,000 after buying an additional 303,850 shares in the last quarter. Institutional investors own 72.26% of the company’s stock.

About Royal Caribbean Cruises

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.