Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have earned a consensus rating of “Buy” from the twenty-one analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $127.84.

RCL has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Tuesday, August 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. SunTrust Banks restated a “buy” rating and issued a $126.00 price objective on shares of Royal Caribbean Cruises in a research report on Sunday, October 15th. Argus raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Buckingham Research raised their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th.

In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the transaction, the chief executive officer now directly owns 895,416 shares of the company’s stock, valued at approximately $110,816,684.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 60,000 shares of company stock valued at $7,449,200. Corporate insiders own 15.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. TLP Group LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $105,000. Acrospire Investment Management LLC boosted its position 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 acquiring an additional 200 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Royal Caribbean Cruises during the third quarter worth approximately $119,000. Pinebridge Investments L.P. acquired a new stake in Royal Caribbean Cruises during the second quarter worth approximately $121,000. Finally, ClariVest Asset Management LLC acquired a new stake in Royal Caribbean Cruises during the third quarter worth approximately $142,000. 73.28% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises (NYSE:RCL) traded up $3.43 during midday trading on Friday, reaching $125.09. 1,752,334 shares of the company’s stock traded hands, compared to its average volume of 1,551,544. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises has a one year low of $81.59 and a one year high of $133.75. The firm has a market capitalization of $26,780.00, a P/E ratio of 16.40, a PEG ratio of 0.73 and a beta of 1.06.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 32.04%.

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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).

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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