A number of research firms have changed their ratings and price targets for Royal Caribbean Cruises (NYSE: RCL):

  • 1/22/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at William Blair.
  • 1/11/2016 – Royal Caribbean Cruises was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $105.61 price target on the stock.
  • 1/5/2016 – Royal Caribbean Cruises was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $107.00 price target on the stock, up previously from $106.00.
  • 1/5/2016 – Royal Caribbean Cruises was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $105.61 price target on the stock.
  • 12/22/2015 – Royal Caribbean Cruises was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $107.61 price target on the stock.
  • 12/21/2015 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $116.00 price target on the stock, up previously from $115.00.
  • 12/16/2015 – Royal Caribbean Cruises was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $107.61 price target on the stock.
  • 12/3/2015 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $90.00 price target on the stock, down previously from $97.00.
  • 12/3/2015 – Royal Caribbean Cruises was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $96.07 price target on the stock.

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) traded down 2.80% during midday trading on Monday, reaching $83.36. The company’s stock had a trading volume of 1,734,911 shares. Royal Caribbean Cruises Ltd has a 52 week low of $65.91 and a 52 week high of $103.40. The stock has a market capitalization of $18.34 billion and a price-to-earnings ratio of 32.35. The company has a 50 day moving average of $93.78 and a 200-day moving average of $91.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Friday, October 23rd. The company reported $2.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.14. The business earned $2.52 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm earned $2.20 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that Royal Caribbean Cruises Ltd will post $4.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 5th. Shareholders of record on Monday, December 21st were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 17th. This represents a $1.50 annualized dividend and a dividend yield of 1.75%. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.12.

In other news, EVP Harri U. Kulovaara sold 8,228 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $100.32, for a total transaction of $825,432.96. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $2,748,768. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eyal Ofer sold 112,980 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $98.00, for a total transaction of $11,072,040.00. Following the sale, the director now directly owns 5,858 shares of the company’s stock, valued at $574,084. The disclosure for this sale can be found here.

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together, these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105,750 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, South America and New Zealand. Celebrity Cruises offers a variety of itineraries, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, Hawaii, New Zealand, the Panama Canal and South America.

12 Month Chart for NYSE:RCL

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