Royal Caribbean Cruises (NYSE:RCL) had its target price raised by research analysts at JPMorgan Chase & Co. from $139.00 to $150.00 in a research note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 13.20% from the stock’s current price.
Other equities analysts have also issued reports about the company. Wedbush reiterated an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Royal Caribbean Cruises in a research report on Thursday. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Deutsche Bank boosted their price objective on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Buckingham Research boosted their price objective on Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $130.02.
Royal Caribbean Cruises (NYSE RCL) traded up $5.29 during trading on Thursday, hitting $132.51. The stock had a trading volume of 4,607,900 shares, compared to its average volume of 1,642,150. The firm has a market cap of $28,140.00, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.66 and a beta of 1.06. Royal Caribbean Cruises has a 52 week low of $86.48 and a 52 week high of $134.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the sale, the chief executive officer now owns 847,741 shares in the company, valued at approximately $104,272,143. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 60,000 shares of company stock worth $7,497,200. Company insiders own 15.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in Royal Caribbean Cruises by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after acquiring an additional 1,732,995 shares during the period. Bank of New York Mellon Corp grew its holdings in Royal Caribbean Cruises by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after buying an additional 430,521 shares in the last quarter. American Century Companies Inc. grew its holdings in Royal Caribbean Cruises by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after buying an additional 841,498 shares in the last quarter. Bank of Montreal Can grew its holdings in Royal Caribbean Cruises by 71.1% in the 4th quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock valued at $148,103,000 after buying an additional 515,962 shares in the last quarter. Finally, Rockefeller Financial Services Inc. grew its holdings in Royal Caribbean Cruises by 15.5% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,183,262 shares of the company’s stock valued at $140,264,000 after buying an additional 159,204 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
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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).
