Royal Caribbean Cruises Ltd. (RCL) Given Buy Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in a research note released on Sunday morning. The firm currently has a $126.00 price objective on the stock.

RCL has been the topic of several other reports. Zacks Investment Research raised shares of Royal Caribbean Cruises from a hold rating to a buy rating and set a $136.00 target price on the stock in a research report on Friday, September 1st. Stifel Nicolaus reissued a buy rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. BidaskClub raised shares of Royal Caribbean Cruises from a buy rating to a strong-buy rating in a research report on Thursday, August 17th. Deutsche Bank AG lifted their target price on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Royal Caribbean Cruises to a sell rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of Buy and an average target price of $123.04.

Royal Caribbean Cruises (RCL) traded down 0.66% during mid-day trading on Friday, hitting $126.93. 253,040 shares of the stock traded hands. The stock has a 50 day moving average price of $120.47 and a 200 day moving average price of $112.22. The firm has a market cap of $27.30 billion, a PE ratio of 17.81 and a beta of 0.99. Royal Caribbean Cruises has a 12-month low of $67.53 and a 12-month high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, analysts expect that Royal Caribbean Cruises will post $7.44 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. Royal Caribbean Cruises’s payout ratio is 33.71%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock valued at $53,947,455 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCL. Wellington Management Group LLP lifted its stake in Royal Caribbean Cruises by 148.2% in the first quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock valued at $1,313,000 after acquiring an additional 7,988 shares during the last quarter. Teachers Advisors LLC lifted its stake in Royal Caribbean Cruises by 36.5% in the first quarter. Teachers Advisors LLC now owns 321,081 shares of the company’s stock valued at $31,501,000 after acquiring an additional 85,941 shares during the last quarter. Ngam Advisors L.P. lifted its stake in Royal Caribbean Cruises by 2.3% in the first quarter. Ngam Advisors L.P. now owns 22,178 shares of the company’s stock valued at $2,176,000 after acquiring an additional 504 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Royal Caribbean Cruises by 4.2% in the first quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock valued at $603,000 after acquiring an additional 250 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in Royal Caribbean Cruises by 36.3% in the

RCL has been the topic of several other reports. Zacks Investment Research raised shares of Royal Caribbean Cruises from a hold rating to a buy rating and set a $136.00 target price on the stock in a research report on Friday, September 1st. Stifel Nicolaus reissued a buy rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. BidaskClub raised shares of Royal Caribbean Cruises from a buy rating to a strong-buy rating in a research report on Thursday, August 17th. Deutsche Bank AG lifted their target price on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Royal Caribbean Cruises to a sell rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of Buy and an average target price of $123.04.

Royal Caribbean Cruises (RCL) traded down 0.66% during mid-day trading on Friday, hitting $126.93. 253,040 shares of the stock traded hands. The stock has a 50 day moving average price of $120.47 and a 200 day moving average price of $112.22. The firm has a market cap of $27.30 billion, a PE ratio of 17.81 and a beta of 0.99. Royal Caribbean Cruises has a 12-month low of $67.53 and a 12-month high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, analysts expect that Royal Caribbean Cruises will post $7.44 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/royal-caribbean-cruises-ltd-rcl-given-buy-rating-at-suntrust-banks-inc.html.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. Royal Caribbean Cruises’s payout ratio is 33.71%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The disclosure for this sale can be found here. Insiders sold 460,079 shares of company stock valued at $53,947,455 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCL. Wellington Management Group LLP lifted its stake in Royal Caribbean Cruises by 148.2% in the first quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock valued at $1,313,000 after acquiring an additional 7,988 shares during the last quarter. Teachers Advisors LLC lifted its stake in Royal Caribbean Cruises by 36.5% in the first quarter. Teachers Advisors LLC now owns 321,081 shares of the company’s stock valued at $31,501,000 after acquiring an additional 85,941 shares during the last quarter. Ngam Advisors L.P. lifted its stake in Royal Caribbean Cruises by 2.3% in the first quarter. Ngam Advisors L.P. now owns 22,178 shares of the company’s stock valued at $2,176,000 after acquiring an additional 504 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Royal Caribbean Cruises by 4.2% in the first quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock valued at $603,000 after acquiring an additional 250 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in Royal Caribbean Cruises by 36.3% in the first quarter. Global X Management Co. LLC now owns 2,941 shares of the company’s stock valued at $289,000 after acquiring an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

Royal Caribbean Cruises Company Profile

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).

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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