Royal Caribbean Cruises (RCL) Price Target Increased to $149.00 by Analysts at SunTrust Banks

Royal Caribbean Cruises (NYSE:RCL) had its price target upped by SunTrust Banks to $149.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ price target would suggest a potential upside of 17.55% from the company’s previous close.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Friday, September 22nd. Berenberg Bank raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Buckingham Research upped their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Argus upped their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $127.91.

Shares of Royal Caribbean Cruises (RCL) opened at $126.75 on Wednesday. Royal Caribbean Cruises has a 1-year low of $84.03 and a 1-year high of $133.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. The firm has a market cap of $27,630.00, a PE ratio of 16.92, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company earned $3.20 EPS. Royal Caribbean Cruises’s revenue was up .2% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises will post 7.39 earnings per share for the current fiscal year.

In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now owns 847,741 shares in the company, valued at approximately $104,272,143. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.30% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in RCL. TLP Group LLC acquired a new position in Royal Caribbean Cruises in the second quarter worth approximately $105,000. Acrospire Investment Management LLC increased its holdings in Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after buying an additional 200 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Royal Caribbean Cruises in the third quarter worth approximately $119,000. Pinebridge Investments L.P. acquired a new position in Royal Caribbean Cruises in the second quarter worth approximately $121,000. Finally, ClariVest Asset Management LLC acquired a new position in Royal Caribbean Cruises in the third quarter worth approximately $142,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.

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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).

The Fly

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)