Royal Caribbean Cruises (NYSE:RCL) had its price objective boosted by research analysts at Stifel Nicolaus from $150.00 to $152.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 15.21% from the stock’s previous close.
RCL has been the topic of several other reports. Wedbush restated an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday. SunTrust Banks boosted their price target on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Berenberg Bank upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, ValuEngine cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $130.81.
Shares of Royal Caribbean Cruises (RCL) traded down $0.58 during trading hours on Thursday, reaching $131.93. 2,058,174 shares of the company’s stock traded hands, compared to its average volume of 1,666,582. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises has a 52 week low of $92.28 and a 52 week high of $134.76. The firm has a market cap of $28,240.00, a P/E ratio of 17.52, a P/E/G ratio of 0.66 and a beta of 1.06.
In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 847,741 shares in the company, valued at $104,272,143. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 60,000 shares of company stock valued at $7,497,200 over the last quarter. 15.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of RCL. TLP Group LLC bought a new stake in Royal Caribbean Cruises in the second quarter worth $105,000. Fuller & Thaler Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the third quarter worth $119,000. Pinebridge Investments L.P. bought a new stake in Royal Caribbean Cruises in the second quarter worth $121,000. ClariVest Asset Management LLC bought a new stake in Royal Caribbean Cruises in the third quarter worth $142,000. Finally, Assetmark Inc. boosted its holdings in Royal Caribbean Cruises by 198.1% in the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after purchasing an additional 814 shares in the last quarter. Hedge funds and other institutional investors own 73.46% 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).
