Royal Caribbean Cruises (NYSE:RCL) had its price target increased by research analysts at Bank of America from $138.00 to $150.00 in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Bank of America’s target price suggests a potential upside of 15.99% from the company’s current price.

RCL has been the subject of a number of other reports. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, June 15th. Susquehanna Bancshares increased their price target on shares of Royal Caribbean Cruises from $142.00 to $146.00 and gave the stock a “positive” rating in a research report on Friday, June 15th. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.53.

RCL stock opened at $129.32 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.68. Royal Caribbean Cruises has a one year low of $101.20 and a one year high of $135.65. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.92 and a beta of 1.18.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.30. The company had revenue of $2.34 billion during 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 earnings per share. sell-side analysts predict that Royal Caribbean Cruises will post 8.9 EPS for the current year.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the transaction, the executive vice president now owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.26% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. bought a new position in Royal Caribbean Cruises during the second quarter valued at approximately $145,000. Squar Milner Financial Services LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at approximately $164,000. Bronfman E.L. Rothschild L.P. raised its position in Royal Caribbean Cruises by 488.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock valued at $185,000 after acquiring an additional 1,484 shares in the last quarter. NEXT Financial Group Inc bought a new position in Royal Caribbean Cruises during the first quarter valued at approximately $214,000. Finally, Delpha Capital Management LLC bought a new position in Royal Caribbean Cruises during the first quarter valued at approximately $228,000. 70.99% of the stock is currently owned by hedge funds and other institutional investors.

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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