Royal Caribbean Cruises (RCL) Price Target Raised to $165.00 at Stifel Nicolaus

Royal Caribbean Cruises (NYSE:RCL) had its price objective lifted by Stifel Nicolaus from $147.00 to $165.00 in a report released on Monday morning. They currently have a buy rating on the stock.

RCL has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $150.00 to $151.00 and gave the company an overweight rating in a research report on Friday, June 15th. Susquehanna Bancshares boosted their price objective on Royal Caribbean Cruises from $142.00 to $146.00 and gave the company a positive rating in a research report on Friday, June 15th. Zacks Investment Research cut Royal Caribbean Cruises from a buy rating to a hold rating in a report on Tuesday, August 14th. ValuEngine raised Royal Caribbean Cruises from a sell rating to a hold rating in a report on Friday, August 24th. Finally, Morgan Stanley reduced their target price on Royal Caribbean Cruises from $130.00 to $110.00 and set an equal weight rating on the stock in a report on Tuesday, June 5th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $140.73.

Shares of Royal Caribbean Cruises stock opened at $130.02 on Monday. Royal Caribbean Cruises has a 52 week low of $101.20 and a 52 week high of $135.65. The stock has a market capitalization of $27.47 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 0.68.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. equities research analysts anticipate that Royal Caribbean Cruises will post 8.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.15%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, September 20th. Royal Caribbean Cruises’s payout ratio is 37.18%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.26% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $145,000. Squar Milner Financial Services LLC bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $164,000. Bronfman E.L. Rothschild L.P. increased its stake in Royal Caribbean Cruises by 488.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after acquiring an additional 1,484 shares during the last quarter. Wright Investors Service Inc. bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $204,000. Finally, AdvisorNet Financial Inc bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $207,000. 70.99% of the stock is currently owned by institutional investors.

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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