Recent Investment Analysts’ Ratings Changes for Royal Caribbean Cruises (RCL)

Royal Caribbean Cruises (NYSE: RCL) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – Royal Caribbean Cruises was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/25/2018 – Royal Caribbean Cruises had its price target raised by analysts at Bank of America Corp from $135.00 to $138.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Royal Caribbean Cruises had its price target raised by analysts at JPMorgan Chase & Co. from $139.00 to $150.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Royal Caribbean Cruises had its price target raised by analysts at Stifel Nicolaus from $150.00 to $152.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Royal Caribbean Cruises had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $145.00 price target on the stock, up previously from $139.00.
  • 1/18/2018 – Royal Caribbean Cruises was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Royal Caribbean is currently benefiting from strong booking trends and capacity growth along with its profitability initiatives. The company’s shares have outpaced the industry over the past year. Moreover, estimate for 2018 earnings have gone up over the last 60 days. Going forward, we are particularly positive on the company’s new three-year program — 20/20 Vision — designed to drive performance. It leverages the culture and the discipline instilled by Double-Double program while including a broader set of goals. The company’s sailings are likely to continue performing strongly in the long term, given strong bookings trends. However, higher costs might hurt the company’s profitability. Further, lingering global uncertainties in key operating regions along with negative currency translation remain concerns.”
  • 1/17/2018 – Royal Caribbean Cruises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $142.00 price target on the stock. According to Zacks, “Royal Caribbean is currently benefiting from strong booking trends and capacity growth along with its profitability initiatives. The company’s shares have outpaced the industry on a year to date basis. Going forward, we are particularly positive on the company’s new three-year program — 20/20 Vision — designed to drive performance. It leverages the culture and the discipline instilled by Double-Double program while including a broader set of goals. The company’s sailings are likely to continue performing strongly in the long term, given strong bookings trends. However, higher costs might hurt the company’s profitability. Further, lingering global uncertainties in key operating regions along with negative currency translation remain concerns. Estimate revisions for 2018 earnings have been stable over the last 60 days.”
  • 1/17/2018 – Royal Caribbean Cruises had its price target raised by analysts at SunTrust Banks, Inc. to $149.00. They now have a “buy” rating on the stock.
  • 1/11/2018 – Royal Caribbean Cruises was upgraded by analysts at Berenberg Bank from a “hold” rating to a “buy” rating.
  • 1/3/2018 – Royal Caribbean Cruises was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Royal Caribbean Cruises Ltd (NYSE RCL) opened at $124.47 on Monday. The stock has a market capitalization of $29,275.21, a price-to-earnings ratio of 16.53, a P/E/G ratio of 0.65 and a beta of 1.11. Royal Caribbean Cruises Ltd has a 1-year low of $93.40 and a 1-year high of $135.65. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. Royal Caribbean Cruises’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. analysts predict that Royal Caribbean Cruises Ltd will post 8.67 EPS for the current year.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the transaction, the chief executive officer now directly owns 807,741 shares of the company’s stock, valued at $103,471,622.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the transaction, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,296 shares of company stock valued at $6,791,180. Insiders own 15.30% of the company’s stock.

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).

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