Royal Caribbean Cruises Director William Kimsey sells 4,084 Shares (RCL)
By Nolan Pearson WKRB
Royal Caribbean Cruises (NYSE:RCL) Director William Kimsey sold 4,084 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $43.20, for a total transaction of $176,428.80. Following the completion of the sale, the director now directly owns 22,212 shares of the company’s stock, valued at approximately $959,558. The sale was disclosed in a filing with the SEC, which can be accessed through this link – http://www.sec.gov/Archives/edgar/data/884887/000114036113041537/xslF345X01/doc1.xml
Shares of Royal Caribbean Cruises (NYSE:RCL) opened at 43.28 on Tuesday. Royal Caribbean Cruises has a 1-year low of $31.35 and a 1-year high of $43.69. The stock has a 50-day moving average of $39. and a 200-day moving average of $37.36. The company has a market cap of $9.519 billion and a P/E ratio of 130.36.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, October 24th. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.06. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $2.35 earnings per share for the current fiscal year.
RCL has been the subject of a number of recent research reports. Analysts at S&P Equity Research upgraded shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note to investors on Monday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note to investors on Tuesday, November 5th. They now have a $48.00 price target on the stock, up previously from $42.00. Finally, analysts at Argus raised their price target on shares of Royal Caribbean Cruises from $46.00 to $52.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and an average price target of $45.17.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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