Royal Caribbean Cruises (NYSE:RCL) Downgraded by ValuEngine

ValuEngine lowered shares of Royal Caribbean Cruises (NYSE:RCL) from a buy rating to a hold rating in a research note released on Wednesday, January 3rd.

Several other equities analysts also recently commented on RCL. Stifel Nicolaus reissued a buy rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Royal Caribbean Cruises from a buy rating to a hold rating in a research report on Wednesday, September 13th. Argus increased their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a buy rating in a research report on Wednesday, October 11th. SunTrust Banks reaffirmed a buy rating and issued a $126.00 price target on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Finally, 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 report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $127.28.

Royal Caribbean Cruises (NYSE:RCL) traded up $2.35 during midday trading on Wednesday, hitting $125.41. 1,297,300 shares of the stock were exchanged, compared to its average volume of 1,305,162. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. The firm has a market capitalization of $27,160.00, a P/E ratio of 16.74, a PEG ratio of 0.63 and a beta of 1.06. Royal Caribbean Cruises has a 1-year low of $84.03 and a 1-year high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $3.20 earnings per share. analysts anticipate that Royal Caribbean Cruises will post 7.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, December 20th. Royal Caribbean Cruises’s payout ratio is presently 32.04%.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the completion of the sale, the chief executive officer now owns 847,741 shares in the company, valued at $104,272,143. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. TLP Group LLC bought a new position in Royal Caribbean Cruises during the second quarter worth about $105,000. Acrospire Investment Management LLC lifted its stake in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Royal Caribbean Cruises during the third quarter worth about $119,000. Pinebridge Investments L.P. bought a new position in Royal Caribbean Cruises during the second quarter worth about $121,000. Finally, ClariVest Asset Management LLC bought a new position in Royal Caribbean Cruises during the third quarter worth about $142,000. Hedge funds and other institutional investors own 73.16% of the company’s stock.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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