ValuEngine Upgrades Royal Caribbean Cruises (NYSE:RCL) to “Hold”

Royal Caribbean Cruises (NYSE:RCL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Several other research firms have also recently weighed in on RCL. SunTrust Banks decreased their price objective on shares of Royal Caribbean Cruises from $164.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Deutsche Bank cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $143.00 to $80.00 in a research report on Friday, February 28th. Berenberg Bank cut shares of Royal Caribbean Cruises to a “hold” rating and set a $127.00 price objective for the company. in a research report on Wednesday, February 19th. Argus cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, March 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $115.69.

RCL opened at $40.61 on Wednesday. Royal Caribbean Cruises has a twelve month low of $19.25 and a twelve month high of $135.32. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $75.18 and a 200-day moving average of $107.89. The stock has a market cap of $7.20 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.01. Royal Caribbean Cruises had a net margin of 17.16% and a return on equity of 17.06%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the company posted $1.53 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Royal Caribbean Cruises will post 4.92 EPS for the current fiscal year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $119.69, for a total value of $2,393,800.00. Following the completion of the sale, the chief executive officer now directly owns 773,137 shares in the company, valued at $92,536,767.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.07% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pantheon Investment Group LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $1,650,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Royal Caribbean Cruises by 99.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,985 shares of the company’s stock valued at $6,941,000 after buying an additional 25,895 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $275,000. Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $243,487,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $4,139,000. Hedge funds and other institutional investors own 74.98% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.

Further Reading: What is net income?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.