By Nicole Kennedy From WatchList News

September 6th, 2014 – Shares of Royal Caribbean Cruises (NYSE:RCL) have been given a consensus rating of “Buy” by the twenty-six ratings firms that are currently covering the stock, Stock Ratings News reports. Nine investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $64.24.

A number of analysts have recently weighed in on RCL shares. Analysts at Jefferies Group raised their price target on shares of Royal Caribbean Cruises from $58.00 to $73.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, August 13th. They now have a $64.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. They now have a $73.00 price target on the stock, up previously from $63.00.

Shares of Royal Caribbean Cruises (NYSE:RCL) opened at 66.98 on Thursday. Royal Caribbean Cruises has a 52 week low of $35.97 and a 52 week high of $66.98. The stock’s 50-day moving average is $61.79 and its 200-day moving average is $55.62. The company has a market cap of $14.890 billion and a price-to-earnings ratio of 27.25.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.14. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post $3.48 EPS for the current fiscal year.

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.

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