Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have received a consensus recommendation of “Buy” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $127.84.

RCL has been the topic of a number of research reports. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. SunTrust Banks reissued a “buy” rating and issued a $137.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, November 10th. Argus boosted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Macquarie downgraded Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Thursday, November 30th.

Shares of Royal Caribbean Cruises (NYSE:RCL) traded up $2.06 during mid-day trading on Tuesday, reaching $123.15. The company’s stock had a trading volume of 1,191,948 shares, compared to its average volume of 1,354,800. 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 $84.03 and a one year high of $133.75. The firm has a market cap of $26,370.00, a price-to-earnings ratio of 16.44, a PEG ratio of 0.63 and a beta of 1.06.

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

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.04%.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 60,000 shares of company stock worth $7,449,200 over the last ninety days. 15.30% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. TLP Group LLC acquired a new position in Royal Caribbean Cruises during the second quarter valued at $105,000. Acrospire Investment Management LLC raised 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 valued at $109,000 after buying an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the third quarter valued at $119,000. Pinebridge Investments L.P. acquired a new position in Royal Caribbean Cruises during the second quarter valued at $121,000. Finally, ClariVest Asset Management LLC acquired a new position in Royal Caribbean Cruises during the third quarter valued at $142,000. 73.16% of the stock is currently owned by hedge funds and other institutional investors.

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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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