Other analysts have also issued reports about the company. Zacks Investment Research raised Royal Caribbean Cruises from a hold rating to a buy rating and set a $132.00 price objective on the stock in a report on Wednesday, March 28th. ValuEngine raised Royal Caribbean Cruises from a hold rating to a buy rating in a report on Friday, February 2nd. SunTrust Banks raised their price objective on Royal Caribbean Cruises to $149.00 and gave the company a buy rating in a report on Wednesday, January 17th. Berenberg Bank raised Royal Caribbean Cruises from a hold rating to a buy rating in a report on Thursday, January 11th. Finally, Bank of America raised their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a neutral rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises currently has a consensus rating of Buy and an average target price of $136.80.
Shares of RCL opened at $119.09 on Thursday. 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 has a 12 month low of $96.90 and a 12 month high of $135.65. The company has a market capitalization of $25,455.37, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $1.23 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 5.0% compared to the same quarter last year. research analysts anticipate that Royal Caribbean Cruises will post 8.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.
In other news, SVP Bradley H. Stein sold 9,071 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $124.64, for a total value of $1,130,609.44. Following the sale, the senior vice president now directly owns 17,341 shares of the company’s stock, valued at $2,161,382.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $128.60, for a total value of $2,572,000.00. Following the completion of the sale, the chief executive officer now directly owns 942,537 shares in the company, valued at $121,210,258.20. The disclosure for this sale can be found here. Insiders sold 120,799 shares of company stock worth $15,291,696 over the last ninety days. Corporate insiders own 15.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Chemical Bank lifted its position in Royal Caribbean Cruises by 69.6% during the fourth quarter. Chemical Bank now owns 5,420 shares of the company’s stock worth $646,000 after buying an additional 2,225 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Royal Caribbean Cruises by 16.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,741 shares of the company’s stock worth $1,043,000 after buying an additional 1,258 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Royal Caribbean Cruises by 6.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 29,633 shares of the company’s stock worth $3,535,000 after buying an additional 1,845 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Royal Caribbean Cruises by 1,294.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,987 shares of the company’s stock worth $395,000 after buying an additional 3,701 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Royal Caribbean Cruises by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 25,532 shares of the company’s stock worth $3,047,000 after buying an additional 5,660 shares in the last quarter. Hedge funds and other institutional investors own 74.48% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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