Royal Caribbean Cruises (NYSE:RCL) had its target price upped by SunTrust Banks to $149.00 in a research report report published on Wednesday morning, The Fly reports. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for Royal Caribbean Cruises’ Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $2.10 EPS, Q3 2018 earnings at $3.97 EPS, Q4 2018 earnings at $1.54 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $4.36 EPS, Q4 2019 earnings at $1.71 EPS and FY2019 earnings at $9.33 EPS.
RCL has been the topic of several other reports. Berenberg Bank raised Royal Caribbean Cruises from a hold rating to a buy rating in a research note on Thursday, January 11th. Wedbush reissued an outperform rating and set a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Wells Fargo & Co reaffirmed an outperform rating and issued a $135.00 price target (up from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday, November 6th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, Buckingham Research upped their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $128.54.
Royal Caribbean Cruises (NYSE RCL) traded down $0.35 on Wednesday, hitting $128.97. The stock had a trading volume of 1,445,713 shares, compared to its average volume of 1,270,000. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises has a 52-week low of $84.50 and a 52-week high of $133.75. The stock has a market capitalization of $27,610.00, a PE ratio of 17.22, a PEG ratio of 0.67 and a beta of 1.06.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were paid a $0.60 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 annualized dividend and a yield of 1.86%. Royal Caribbean Cruises’s payout ratio is 32.04%.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total value of $2,460,000.00. Following the sale, the chief executive officer now directly owns 847,741 shares of the company’s stock, valued at $104,272,143. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 60,000 shares of company stock worth $7,497,200. 15.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in RCL. TLP Group LLC bought a new stake in Royal Caribbean Cruises in the second quarter worth $105,000. Acrospire Investment Management LLC boosted its holdings in Royal Caribbean Cruises by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Royal Caribbean Cruises in the third quarter worth $119,000. Pinebridge Investments L.P. bought a new stake in Royal Caribbean Cruises in the second quarter worth $121,000. Finally, ClariVest Asset Management LLC bought a new stake in Royal Caribbean Cruises in the third quarter worth $142,000. 73.23% of the stock is currently owned by institutional investors and hedge funds.
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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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