Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned a consensus rating of “Buy” from the twenty ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $102.57.
A number of equities analysts have recently commented on RCL shares. ValuEngine raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a report on Tuesday, May 30th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 1st. Finally, Deutsche Bank AG cut their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd.
Royal Caribbean Cruises (NYSE RCL) traded down 0.38% during mid-day trading on Friday, reaching $111.44. 617,715 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 52 week low of $64.95 and a 52 week high of $114.50. The stock has a market capitalization of $23.97 billion, a PE ratio of 17.22 and a beta of 1.08. The stock’s 50 day moving average is $109.53 and its 200-day moving average is $97.03.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Friday, April 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Royal Caribbean Cruises had a net margin of 16.29% and a return on equity of 15.91%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. On average, equities analysts anticipate that Royal Caribbean Cruises will post $7.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.92 annualized dividend and a dividend yield of 1.72%. Royal Caribbean Cruises’s payout ratio is currently 29.68%.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $94.92, for a total transaction of $1,898,400.00. Following the sale, the chief executive officer now directly owns 1,027,741 shares in the company, valued at approximately $97,553,175.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 7,527 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $110.00, for a total transaction of $827,970.00. Following the sale, the executive vice president now owns 29,667 shares in the company, valued at $3,263,370. The disclosure for this sale can be found here. Insiders have sold a total of 47,527 shares of company stock worth $4,881,770 over the last 90 days. Insiders own 15.30% of the company’s stock.
Several large investors have recently modified their holdings of RCL. BlackRock Inc. raised its stake in shares of Royal Caribbean Cruises by 3,290.6% in the first quarter. BlackRock Inc. now owns 10,359,358 shares of the company’s stock valued at $1,016,356,000 after buying an additional 10,053,823 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $141,340,000. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,504,950 shares of the company’s stock valued at $1,619,301,000 after buying an additional 555,260 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $42,234,000. Finally, Wells Fargo & Company MN raised its stake in shares of Royal Caribbean Cruises by 50.6% in the first quarter. Wells Fargo & Company MN now owns 1,454,631 shares of the company’s stock valued at $142,714,000 after buying an additional 488,740 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.
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).
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