Brokerages Set Royal Caribbean Cruises Ltd (NYSE:RCL) Target Price at $144.73

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Royal Caribbean Cruises Ltd (NYSE:RCL) has been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the firm, reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $144.73.

Several brokerages recently issued reports on RCL. Wedbush reiterated a “buy” rating on shares of Liquidia Technologies in a report on Thursday, May 2nd. Nomura cut their price objective on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Buckingham Research increased their price objective on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Deutsche Bank lowered Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price objective for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th.

In other Royal Caribbean Cruises news, SVP Henry L. Pujol sold 4,134 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the transaction, the senior vice president now directly owns 45,342 shares of the company’s stock, valued at $5,812,844.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the transaction, the chief executive officer now directly owns 910,639 shares in the company, valued at $100,370,630.58. The disclosure for this sale can be found here. Insiders have sold 26,834 shares of company stock worth $3,075,902 over the last three months. Company insiders own 13.07% of the company’s stock.

Large investors have recently modified their holdings of the company. Rational Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 1,060.0% during the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the period. Front Row Advisors LLC boosted its position in Royal Caribbean Cruises by 475.0% during the first quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Central Bank & Trust Co. acquired a new position in Royal Caribbean Cruises in the second quarter valued at $37,000. First Manhattan Co. purchased a new stake in shares of Royal Caribbean Cruises in the first quarter worth about $40,000. Finally, Parkside Financial Bank & Trust raised its stake in Royal Caribbean Cruises by 92.2% during the first quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after buying an additional 166 shares in the last quarter. 72.82% of the stock is currently owned by institutional investors.

Shares of RCL traded down $0.94 during mid-day trading on Friday, reaching $110.82. The company’s stock had a trading volume of 22,085 shares, compared to its average volume of 2,114,849. The company has a fifty day moving average price of $118.19. The company has a market cap of $24.02 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. Royal Caribbean Cruises has a 1 year low of $89.48 and a 1 year high of $133.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.14 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Sell-side analysts predict that Royal Caribbean Cruises will post 9.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 4th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, June 3rd. Royal Caribbean Cruises’s payout ratio is 31.60%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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