Royal Caribbean Cruises Ltd (NYSE:RCL) Receives $144.73 Consensus Target Price from Brokerages

Royal Caribbean Cruises Ltd (NYSE:RCL) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $144.64.

A number of research analysts have recently weighed in on RCL shares. Wedbush reissued a “buy” rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Zacks Investment Research raised shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Citigroup increased their target price on shares of SolarWinds from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Nomura reduced their target price on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, June 7th. Finally, Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd.

In related news, SVP Henry L. Pujol sold 4,134 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total value of $529,978.80. Following the completion of the transaction, the senior vice president now directly owns 45,342 shares of the company’s stock, valued at approximately $5,812,844.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 910,639 shares of the company’s stock, valued at $100,370,630.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,834 shares of company stock valued at $3,075,902. 13.07% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Front Row Advisors LLC boosted its holdings in Royal Caribbean Cruises by 475.0% in the 1st quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after purchasing an additional 190 shares during the period. Rational Advisors LLC boosted its holdings in Royal Caribbean Cruises by 1,060.0% in the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock valued at $27,000 after purchasing an additional 212 shares during the period. Central Bank & Trust Co. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust boosted its holdings in Royal Caribbean Cruises by 92.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after purchasing an additional 166 shares during the period. Finally, First Manhattan Co. bought a new position in Royal Caribbean Cruises in the 1st quarter valued at $40,000. 72.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Royal Caribbean Cruises stock traded down $0.85 on Friday, reaching $110.15. 1,931,624 shares of the company traded hands, compared to its average volume of 2,098,226. Royal Caribbean Cruises has a 52 week low of $89.48 and a 52 week high of $133.60. The business has a 50 day moving average of $117.75. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.00 and a beta of 1.32. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.67.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. Equities research analysts predict that Royal Caribbean Cruises will post 9.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 4th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.60%.

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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