Royal Caribbean Cruises (RCL) Receives Outperform Rating from Wedbush

Royal Caribbean Cruises (NYSE:RCL)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a report released on Thursday, The Fly reports. They presently have a $145.00 target price on the stock, up from their previous target price of $139.00. Wedbush’s target price would suggest a potential upside of 7.42% from the company’s current price. Wedbush also issued estimates for Royal Caribbean Cruises’ Q4 2017 earnings at $1.20 EPS, FY2017 earnings at $7.40 EPS, Q1 2018 earnings at $0.93 EPS, Q1 2018 earnings at $0.97 EPS, Q2 2018 earnings at $2.00 EPS, Q2 2018 earnings at $1.83 EPS, Q3 2018 earnings at $4.20 EPS, Q3 2018 earnings at $4.06 EPS, Q4 2018 earnings at $1.75 EPS, Q4 2018 earnings at $1.84 EPS, FY2018 earnings at $8.77 EPS and FY2019 earnings at $10.10 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. SunTrust Banks upped their target price on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Berenberg Bank upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Macquarie downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus price target of $134.94.

Royal Caribbean Cruises (NYSE:RCL) traded up $3.05 during trading hours on Thursday, reaching $134.98. 1,569,027 shares of the company traded hands, compared to its average volume of 1,460,000. Royal Caribbean Cruises has a 1-year low of $92.65 and a 1-year high of $135.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.13. The company has a market capitalization of $28,900.00, a price-to-earnings ratio of 17.93, a P/E/G ratio of 0.67 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 14.37% and a return on equity of 10.93%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 5.0% on a year-over-year basis. analysts anticipate that Royal Caribbean Cruises will post 8.66 earnings per share for the current year.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total transaction of $2,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 847,741 shares of the company’s stock, valued at $104,272,143. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 60,000 shares of company stock valued at $7,497,200 over the last three months. 15.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TLP Group LLC purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $105,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Royal Caribbean Cruises during the third quarter valued at approximately $119,000. Pinebridge Investments L.P. purchased a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $121,000. ClariVest Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the third quarter valued at approximately $142,000. Finally, Assetmark Inc. increased its holdings in Royal Caribbean Cruises by 198.1% during the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after buying an additional 814 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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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)

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