Royal Caribbean Cruises (NYSE: RCL) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the United States, Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. Moreover, its capacity growth is likely to aid in meeting increased demand while ship innovation and technology investments is expected to lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”
  • 9/26/2017 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the United States, Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. Its capacity growth should also aid in meeting increased demand while ship innovation and technology investments is expected to lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”
  • 9/22/2017 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the United States, Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns. Even so, its capacity growth should aid in meeting increased demand while ship innovation and technology investments should lead to higher yields.”
  • 9/14/2017 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns. Even so, its capacity growth should aid in meeting increased demand while ship innovation and technology investments should lead to higher yields.”
  • 9/13/2017 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”
  • 9/7/2017 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $134.00 price target on the stock.
  • 9/1/2017 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”
  • 8/30/2017 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean shares have outpaced the industry in the past year. Given solid performance in the last reported quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns.”
  • 8/22/2017 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $134.00 price target on the stock. According to Zacks, “Royal Caribbean shares have outpaced the industry year to date. The company expects strong revenue growth in 2017 given solid booking trends. Notably, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly, going forward. Royal Caribbean thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. The company has also been successful in dealing with the volatility in fuel prices given its environmental efforts. Yet, higher costs in the near-term and adverse forex translations might hamper its profitability. Despite growth opportunities, lingering global uncertainties in key operating regions are also likely to affect its international profits.”
  • 8/21/2017 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean shares have outpaced the industry year to date. The company expects strong revenue growth in 2017 given solid booking trends. Notably, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly, going forward. Royal Caribbean thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. The company has also been successful in dealing with the volatility in fuel prices given its environmental efforts. Yet, higher costs in the near-term and adverse forex translations might hamper its profitability. Despite growth opportunities, lingering global uncertainties in key operating regions are likely to affect its international profits.”
  • 8/17/2017 – Royal Caribbean Cruises was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/15/2017 – Royal Caribbean Cruises was downgraded by analysts at Goldman Sachs Group, Inc. (The) to a “sell” rating.
  • 8/8/2017 – Royal Caribbean Cruises had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $129.00 price target on the stock, up previously from $125.00.
  • 8/8/2017 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $131.00 price target on the stock, up previously from $112.00.
  • 8/4/2017 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $134.00 price target on the stock. According to Zacks, “Royal Caribbean posted solid second-quarter 2017 results with both earnings and revenues surpassing the Zacks Consensus Estimate. In fact, given better-than-expected results in the quarter along with favorable booking trends, the company raised its full-year 2017 earnings view. Going forward, the company’s sailings in the U.S., Europe, Alaska, Baltic and Asia, are likely to continue performing strongly. The company thus remains positioned to witness another record year and achieve its targets under the Double-Double program. While, its capacity growth should aid in meeting increased demand, ship innovation and technology investments should lead to higher yields. Also, the company’s shares outpaced the industry year to date. However, higher costs might hurt the company’s profitability in the near term. Further, lingering global uncertainties in key operating regions, along with negative currency translation remain concerns”

Royal Caribbean Cruises Ltd. (RCL) traded down 0.10% during trading on Tuesday, hitting $119.00. The stock had a trading volume of 1,151,495 shares. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 16.69 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 52-week low of $67.53 and a 52-week high of $125.00. The company has a 50-day moving average price of $119.56 and a 200-day moving average price of $110.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post $7.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 21st. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 33.71%.

In related news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $106,083,768.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the transaction, the director now directly owns 7,862 shares in the company, valued at $921,583.64. The disclosure for this sale can be found here. Insiders have sold a total of 480,079 shares of company stock worth $56,139,855 in the last quarter. Corporate insiders own 15.30% of the company’s stock.

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).

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