Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have earned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $144.44.

Several equities analysts have issued reports on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $138.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, October 31st. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $113.00 target price for the company in a research note on Monday, October 14th. Nomura restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Thursday, October 10th. Macquarie raised shares of Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and raised their price target for the company from $126.00 to $132.00 in a research note on Friday, October 18th. Finally, Wells Fargo & Co raised their price target on shares of Royal Caribbean Cruises from $155.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday, September 6th.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, October 11th. The shares were sold at an average price of $105.00, for a total transaction of $2,100,000.00. Following the sale, the chief executive officer now owns 845,651 shares of the company’s stock, valued at approximately $88,793,355. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 60,000 shares of company stock worth $6,475,800 in the last 90 days. 13.07% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in RCL. MUFG Americas Holdings Corp boosted its position in Royal Caribbean Cruises by 3.5% during the third quarter. MUFG Americas Holdings Corp now owns 89,126 shares of the company’s stock worth $9,655,000 after acquiring an additional 3,048 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Royal Caribbean Cruises by 25.1% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,047 shares of the company’s stock valued at $329,000 after acquiring an additional 612 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Royal Caribbean Cruises by 4.7% during the 3rd quarter. Checchi Capital Advisers LLC now owns 2,270 shares of the company’s stock valued at $246,000 after acquiring an additional 102 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $29,340,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $76,000. 71.92% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:RCL traded down $1.86 during midday trading on Friday, reaching $117.00. 2,313,331 shares of the company’s stock traded hands, compared to its average volume of 1,570,060. Royal Caribbean Cruises has a 1 year low of $89.48 and a 1 year high of $131.04. The company has a market cap of $24.71 billion, a P/E ratio of 13.21, a PEG ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.15 and a current ratio of 0.17. The company has a fifty day simple moving average of $110.49 and a two-hundred day simple moving average of $113.86.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $4.27 EPS for the quarter, missing the consensus estimate of $4.31 by ($0.04). The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.22 billion. Royal Caribbean Cruises had a return on equity of 17.67% and a net margin of 17.85%. Royal Caribbean Cruises’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.98 EPS. As a group, research analysts forecast that Royal Caribbean Cruises will post 9.53 EPS for the current fiscal year.

Royal Caribbean Cruises Company Profile

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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