Royal Caribbean Cruises (NYSE:RCL) Upgraded to “Hold” at ValuEngine

Royal Caribbean Cruises (NYSE:RCL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the stock. Nomura reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, March 9th. Argus cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Berenberg Bank cut shares of Royal Caribbean Cruises to a “hold” rating and set a $127.00 price objective for the company. in a research note on Wednesday, February 19th. Goldman Sachs Group reduced their price objective on shares of Royal Caribbean Cruises from to in a research note on Tuesday, March 10th. Finally, Zacks Investment Research cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating and set a $133.00 price objective for the company. in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $115.69.

NYSE RCL opened at $40.61 on Wednesday. The company’s 50 day moving average is $75.18 and its 200-day moving average is $107.89. Royal Caribbean Cruises has a 12-month low of $19.25 and a 12-month high of $135.32. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.74. The firm has a market cap of $7.20 billion, a P/E ratio of 4.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. Royal Caribbean Cruises had a net margin of 17.16% and a return on equity of 17.06%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Equities analysts expect that Royal Caribbean Cruises will post 4.92 EPS for the current year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $119.69, for a total value of $2,393,800.00. Following the completion of the transaction, the chief executive officer now owns 773,137 shares of the company’s stock, valued at approximately $92,536,767.53. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.07% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. NewFocus Financial Group LLC grew its stake in Royal Caribbean Cruises by 1.1% in the 4th quarter. NewFocus Financial Group LLC now owns 8,719 shares of the company’s stock worth $1,164,000 after buying an additional 94 shares in the last quarter. Lucia Wealth Services LLC lifted its holdings in shares of Royal Caribbean Cruises by 1.3% in the 4th quarter. Lucia Wealth Services LLC now owns 7,403 shares of the company’s stock worth $988,000 after acquiring an additional 96 shares during the last quarter. Covington Capital Management lifted its holdings in shares of Royal Caribbean Cruises by 7.1% in the 3rd quarter. Covington Capital Management now owns 1,500 shares of the company’s stock worth $162,000 after acquiring an additional 100 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Royal Caribbean Cruises by 100.0% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of Royal Caribbean Cruises by 0.3% in the 4th quarter. Utah Retirement Systems now owns 32,619 shares of the company’s stock worth $4,355,000 after acquiring an additional 100 shares during the last quarter. 74.98% of the stock is owned by institutional investors and hedge funds.

About Royal Caribbean Cruises

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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