Other equities research analysts also recently issued research reports about the stock. Nomura reduced their target price on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a buy rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Royal Caribbean Cruises from a hold rating to a buy rating and set a $125.00 target price on the stock in a research note on Wednesday, August 8th. Stifel Nicolaus reduced their target price on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a buy rating on the stock in a research note on Tuesday, July 24th. Citigroup reduced their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a buy rating on the stock in a research note on Friday, August 17th. Finally, Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $110.00 to $120.00 and gave the company a hold rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of Buy and a consensus target price of $141.07.
Shares of RCL opened at $99.52 on Friday. Royal Caribbean Cruises has a twelve month low of $97.48 and a twelve month high of $135.65. The firm has a market capitalization of $21.54 billion, a PE ratio of 13.22, a PEG ratio of 0.74 and a beta of 1.17. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 20th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 37.18%.
In related news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the transaction, the executive vice president now owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.26% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Greenleaf Trust purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth about $271,000. Price Capital Management Inc. purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth about $1,475,000. Braun Stacey Associates Inc. increased its stake in Royal Caribbean Cruises by 9.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 146,033 shares of the company’s stock worth $18,975,000 after buying an additional 12,042 shares during the period. NewFocus Financial Group LLC increased its position in Royal Caribbean Cruises by 8.2% during the 3rd quarter. NewFocus Financial Group LLC now owns 12,567 shares of the company’s stock valued at $1,633,000 after purchasing an additional 954 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $286,000. 71.29% of the stock is currently owned by institutional investors.
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, 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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