Royal Caribbean Cruises Ltd. (NYSE:RCL) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

RCL has been the subject of several other research reports. Nomura increased their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and raised their target price for the company from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Friday, August 4th. Deutsche Bank AG lowered their target price on Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a research note on Tuesday, May 2nd. Finally, Wedbush restated an “outperform” rating and issued a $129.00 target price (up previously from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $117.23.

Shares of Royal Caribbean Cruises (RCL) opened at 121.23 on Thursday. The company has a market capitalization of $26.08 billion, a P/E ratio of 17.01 and a beta of 1.06. The firm has a 50-day moving average price of $114.10 and a 200-day moving average price of $105.00. Royal Caribbean Cruises has a one year low of $65.10 and a one year high of $122.96.

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 consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business posted $1.09 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Royal Caribbean Cruises will post $7.44 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback plan on Friday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase 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 shares are undervalued.

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In other news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $109.62, for a total value of $2,192,400.00. Following the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at $112,093,440.03. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock worth $53,714,055 over the last 90 days. Company insiders own 15.30% of the company’s stock.

Several large investors have recently modified their holdings of RCL. TLP Group LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $105,000. NEXT Financial Group Inc boosted its stake in shares of Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock valued at $107,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after buying an additional 200 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $103,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter valued at about $121,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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)

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