Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) have been given an average rating of “Buy” by the seventeen research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $138.31.

RCL has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, August 8th. Stifel Nicolaus dropped their target price on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. Morgan Stanley dropped their target price on shares of Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 5th. Finally, ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Friday.

In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $108.22, for a total transaction of $2,164,400.00. Following the completion of the sale, the chief executive officer now owns 859,337 shares of the company’s stock, valued at approximately $92,997,450.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.26% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of RCL. Rockefeller Capital Management L.P. acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $137,973,000. Vontobel Asset Management Inc. grew its position in Royal Caribbean Cruises by 443.4% in the second quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock valued at $143,300,000 after acquiring an additional 1,098,502 shares in the last quarter. FMR LLC grew its position in Royal Caribbean Cruises by 16.5% in the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after acquiring an additional 830,047 shares in the last quarter. Hexavest Inc. acquired a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $38,814,000. Finally, Carillon Tower Advisers Inc. grew its position in Royal Caribbean Cruises by 190.9% in the second quarter. Carillon Tower Advisers Inc. now owns 517,396 shares of the company’s stock valued at $53,602,000 after acquiring an additional 339,521 shares in the last quarter. 70.88% of the stock is owned by institutional investors.

Shares of RCL stock opened at $119.71 on Wednesday. The stock has a market cap of $24.73 billion, a PE ratio of 14.45, a P/E/G ratio of 0.84 and a beta of 1.17. Royal Caribbean Cruises has a 1-year low of $101.20 and a 1-year high of $135.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.18 and a current ratio of 0.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.30. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. analysts forecast that Royal Caribbean Cruises will post 8.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its board has initiated a share buyback program on Wednesday, May 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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