Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have been given a consensus rating of “Buy” by the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $127.84.

RCL has been the topic of several research analyst reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, September 22nd. ValuEngine lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Argus lifted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank lifted their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Macquarie lowered Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Thursday, November 30th.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 60,000 shares of company stock worth $7,449,200. Company insiders own 15.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Copper Rock Capital Partners LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $14,558,000. Prudential Financial Inc. increased its holdings in Royal Caribbean Cruises by 17.0% during the 3rd quarter. Prudential Financial Inc. now owns 864,696 shares of the company’s stock worth $102,501,000 after purchasing an additional 125,423 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Royal Caribbean Cruises by 22.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 320,592 shares of the company’s stock worth $38,003,000 after purchasing an additional 59,583 shares during the last quarter. AXA increased its holdings in Royal Caribbean Cruises by 0.8% during the 3rd quarter. AXA now owns 493,949 shares of the company’s stock worth $58,553,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $301,000. Institutional investors own 73.16% of the company’s stock.

Shares of Royal Caribbean Cruises (RCL) traded up $2.06 during trading hours on Tuesday, reaching $123.15. The company’s stock had a trading volume of 1,191,948 shares, compared to its average volume of 1,354,800. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises has a 12-month low of $84.03 and a 12-month high of $133.75. The firm has a market cap of $26,370.00, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 EPS. equities analysts predict that Royal Caribbean Cruises will post 7.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.95%. Royal Caribbean Cruises’s payout ratio is currently 32.04%.

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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)

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