Positive Media Coverage Somewhat Unlikely to Impact Royal Caribbean Cruises (RCL) Stock Price
Media headlines about Royal Caribbean Cruises (NYSE:RCL) have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Caribbean Cruises earned a news sentiment score of 0.33 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0778422062634 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks Investment Research Lowers Royal Caribbean Cruises Ltd. (RCL) to Hold (americanbankingnews.com)
- Royal Caribbean Cruises Ltd (RCL) Sees The Tape Move Mid-Market – Evergreen Caller (evergreencaller.com)
- Carnival, Royal Caribbean ships diverted from Port of Galveston as Hurricane Harvey pummels Texas Gulf Coast – Houston Business Journal (bizjournals.com)
- What Kind of Picture Are the Technicals Painting For Royal Caribbean Cruises Ltd (RCL)? – FLBC News (flbcnews.com)
- Hurricane Harvey Won’t Hinder Cruise Lines Much (finance.yahoo.com)
Royal Caribbean Cruises (RCL) opened at 121.63 on Thursday. The firm has a market cap of $26.16 billion, a PE ratio of 17.06 and a beta of 1.06. The firm has a 50-day moving average price of $116.02 and a 200-day moving average price of $106.22. Royal Caribbean Cruises has a one year low of $65.10 and a one year high of $122.96.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that Royal Caribbean Cruises will post $7.44 EPS for the current fiscal year.
Several brokerages have weighed in on RCL. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $129.00 price target (up previously from $125.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. UBS AG reissued a “buy” rating and set a $131.00 price target (up previously from $112.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) cut Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $118.34.
In other news, CEO Richard D. Fain sold 210,706 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The disclosure for this sale can be found here. Insiders sold a total of 460,079 shares of company stock worth $53,714,055 over the last three months. 15.30% of the stock is currently owned by corporate insiders.
About Royal Caribbean Cruises
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).
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