Royal Caribbean Cruises (RCL) Earns News Impact Rating of 0.27
Media coverage about Royal Caribbean Cruises (NYSE:RCL) has been trending positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Royal Caribbean Cruises earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3161425699212 out of 100, indicating that recent media 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 effected Accern’s analysis:
- Royal Caribbean Cruises’ (RCL) “Buy” Rating Reiterated at UBS AG (newstrendstoday.com)
- Revenue Estimates Analysis Of Royal Caribbean Cruises Ltd. (RCL) (naijaoversabi.com)
- Royal Caribbean Cruises Ltd. (RCL) Shares Sold by LS Investment Advisors LLC (vothemes.com)
- Royal Caribbean Cruises LTD (NYSE:RCL) Institutional Investors Quarterly Sentiment (techkenyot.com)
- Royal Caribbean Cruises Ltd. (NYSE:RCL) Rating Reiterated by UBS AG (americanbankingnews.com)
Shares of Royal Caribbean Cruises (RCL) opened at 120.49 on Thursday. Royal Caribbean Cruises has a 12 month low of $65.10 and a 12 month high of $120.96. The stock has a 50 day moving average of $112.38 and a 200-day moving average of $103.07. The company has a market cap of $25.92 billion, a PE ratio of 16.90 and a beta of 1.06.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. Equities analysts forecast that Royal Caribbean Cruises will post $7.43 earnings per share for the current year.
Royal Caribbean Cruises declared that its board has authorized a stock repurchase program on Friday, April 28th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Deutsche Bank AG lowered their target price on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Nomura boosted their target price on shares of Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Wedbush boosted their target price on shares of Royal Caribbean Cruises from $125.00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Buckingham Research boosted their target price on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $117.23.
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In other news, CEO Lawrence R. Pimentel sold 17,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $120.50, for a total transaction of $2,048,500.00. Following the completion of the transaction, the chief executive officer now owns 20,045 shares in the company, valued at approximately $2,415,422.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total value of $561,835.46. Following the transaction, the director now owns 7,862 shares of the company’s stock, valued at approximately $921,583.64. The disclosure for this sale can be found here. Insiders have sold a total of 452,499 shares of company stock valued at $52,583,811 in the last quarter. 15.30% of the stock is 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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