By Masoud Bidgoli From Mideast Times

Royal Caribbean Cruises (NYSE:RCL) was downgraded by equities research analysts at Pareto Securities to a “hold” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports.

Several other analysts have also recently commented on the stock. Analysts at Swedbank downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “neutral” rating in a research note on Thursday, April 3rd. Separately, analysts at Handelsbanken upgraded shares of Royal Caribbean Cruises from an “accumulate” rating to a “buy” rating in a research note on Tuesday, April 1st. They now have a $65.00 price target on the stock, up previously from $58.00. Finally, analysts at Longbow Research downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $54.88.

Shares of Royal Caribbean Cruises (NYSE:RCL) traded down 0.26% on Tuesday, hitting $53.74. The stock had a trading volume of 1,047,852 shares. Royal Caribbean Cruises has a 1-year low of $31.37 and a 1-year high of $56.66. The stock has a 50-day moving average of $52.70 and a 200-day moving average of $46.5. The company has a market cap of $11.888 billion and a P/E ratio of 25.18.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Monday, January 27th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.10 earnings per share. Royal Caribbean Cruises’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises will post $3.35 EPS for the current fiscal year.

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

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