Royal Caribbean Cruises (NYSE:RCL) Cut to “Hold” at Berenberg Bank

Berenberg Bank downgraded shares of Royal Caribbean Cruises (NYSE:RCL) to a hold rating in a report published on Wednesday, TipRanks reports. The firm currently has $127.00 price target on the stock.

Several other research analysts have also issued reports on the company. Macquarie reaffirmed a buy rating and set a $141.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, February 6th. Nomura reaffirmed a buy rating and set a $150.00 target price on shares of Royal Caribbean Cruises in a research report on Wednesday, December 11th. Deutsche Bank reaffirmed a buy rating and set a $138.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, October 31st. Argus lowered Royal Caribbean Cruises from a buy rating to a hold rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Royal Caribbean Cruises from a hold rating to a sell rating and set a $133.00 target price for the company. in a research report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $141.15.

Shares of NYSE:RCL opened at $106.11 on Wednesday. The firm has a market cap of $23.01 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.25 and a beta of 1.45. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.74. Royal Caribbean Cruises has a 12-month low of $100.47 and a 12-month high of $135.32. The business has a fifty day simple moving average of $123.52 and a 200 day simple moving average of $116.17.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.01. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. Royal Caribbean Cruises had a return on equity of 17.06% and a net margin of 17.16%. Royal Caribbean Cruises’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.53 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises will post 9.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.94%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.70%.

In other news, CEO Lawrence R. Pimentel sold 10,928 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $120.00, for a total value of $1,311,360.00. Following the completion of the transaction, the chief executive officer now directly owns 58,335 shares of the company’s stock, valued at approximately $7,000,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $120.55, for a total value of $2,411,000.00. Following the completion of the transaction, the chief executive officer now directly owns 805,751 shares of the company’s stock, valued at $97,133,283.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,928 shares of company stock valued at $8,737,560. Corporate insiders own 13.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of RCL. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. grew its stake in shares of Royal Caribbean Cruises by 100.0% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Atlas Private Wealth Management acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $27,000. Procyon Private Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $36,000. Finally, Solstein Capital LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $36,000. 71.66% of the stock is 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, 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.

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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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