Royal Caribbean Cruises Ltd (NYSE:RCL) SVP Bradley H. Stein sold 9,071 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $124.64, for a total transaction of $1,130,609.44. Following the completion of the transaction, the senior vice president now owns 17,341 shares of the company’s stock, valued at approximately $2,161,382.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) traded up $4.80 during trading on Monday, hitting $129.27. 2,067,385 shares of the company’s stock traded hands, compared to its average volume of 1,643,979. The company has a market cap of $27,430.00, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Royal Caribbean Cruises Ltd has a 52 week low of $93.40 and a 52 week high of $135.65. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. research analysts forecast that Royal Caribbean Cruises Ltd will post 8.67 earnings per share for the current fiscal year.
Several research analysts recently weighed in on RCL shares. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday, January 17th. SunTrust Banks upped their target price on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Berenberg Bank upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Buckingham Research upped their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus target price of $137.67.
ILLEGAL ACTIVITY WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/12/insider-selling-royal-caribbean-cruises-ltd-rcl-svp-sells-9071-shares-of-stock.html.
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).
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.