Royal Caribbean Cruises (RCL) PT Lowered to $125.00

Royal Caribbean Cruises (NYSE:RCL) had its target price lowered by equities researchers at Citigroup from $136.00 to $125.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 18.33% from the stock’s previous close.

A number of other research firms also recently weighed in on RCL. Wells Fargo & Co decreased their target price on Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday. ValuEngine downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Deutsche Bank set a $138.00 target price on Royal Caribbean Cruises and gave the stock a “buy” rating in a research report on Friday, October 26th. Nomura decreased their target price on Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Macquarie lifted their target price on Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $140.33.

Shares of NYSE:RCL opened at $105.64 on Tuesday. The stock has a market capitalization of $21.28 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Royal Caribbean Cruises has a 52-week low of $97.48 and a 52-week high of $135.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, October 25th. The company reported $3.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.97 by $0.01. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.82 billion. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%. On average, sell-side analysts predict that Royal Caribbean Cruises will post 8.83 earnings per share for the current year.

In other news, EVP Harri U. Kulovaara sold 6,600 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the completion of the transaction, the executive vice president now owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.26% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $145,000. Squar Milner Financial Services LLC bought a new position in shares of Royal Caribbean Cruises in the second quarter valued at approximately $164,000. Dearborn Partners LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $208,000. Allianz Life Insurance Co. of North America bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $226,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Royal Caribbean Cruises by 488.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock valued at $185,000 after acquiring an additional 1,484 shares during the last quarter. Institutional investors own 71.29% 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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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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