Royal Caribbean Cruises Rating Reiterated by Zacks (RCL)
By Ethan Ryder From Ticker Report
Royal Caribbean Cruises (NYSE:RCL)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Monday, Analyst RN reports. They currently have a $46.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 5.82% from the company’s current price.
Zacks‘ analyst wrote, “Royal Caribbean’s adjusted third-quarter 2013 earnings of $1.71 per share beat the Zacks Consensus Estimate by 4.3% and the year-ago level by 1.8%. Earnings in the quarter gained from the company’s higher top line. Total revenue in the quarter increased 3.8% year over year to $2.31 billion surpassing the Zacks Consensus Estimate by 1.3%. Increased onboard revenues and solid close-in demand in Europe and Asia backed the top-line growth. Net yields increased 2.6% year over year. The company has raised its adjusted earnings per share guidance for 2013 based on improved booking trends, higher yield outlook and costs saving efforts. However, sluggish recovery in debt-ridden Europe and the China-Japan conflict will likely hamper some of the itineraries of the company in the near term.
The company is also expected to incur extra charges due to some deployment changes and adoption of several marketing strategies. Hence, we remain Neutral on the stock.”
In other Royal Caribbean Cruises news, EVP Lisa Lutoff-Perlo unloaded 12,673 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The stock was sold at an average price of $42.90, for a total transaction of $543,671.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Royal Caribbean Cruises to a “buy” rating in a research note to investors on Monday. Separately, analysts at Susquehanna raised their price target on shares of Royal Caribbean Cruises from $45.00 to $50.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Royal Caribbean Cruises from $45.00 to $47.00 in a research note to investors on Friday.
One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.22.
Royal Caribbean Cruises (NYSE:RCL) traded down 0.35% during mid-day trading on Monday, hitting $43.32. The stock had a trading volume of 946,560 shares. Royal Caribbean Cruises has a 1-year low of $29.69 and a 1-year high of $40.00. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $35.43. The company has a market cap of $9.527 billion and a price-to-earnings ratio of 130.93.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.71 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post $2.31 EPS for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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Royal Caribbean Cruises PT raised to $47.00 at Deutsche Bank (RCL)
Research analysts at Deutsche Bank lifted their target price on shares of Royal Caribbean Cruises (NYSE:RCL) from $45.00 to $47.00 in a report released on Friday, StockRatingsNetwork reports. Deutsche Bank’s price target would suggest a potential upside of 8.12% from the company’s current price.
Royal Caribbean Cruises (NYSE:RCL) opened at 43.47 on Friday. Royal Caribbean Cruises has a 52-week low of $29.69 and a 52-week high of $40.00. The stock’s 50-day moving average is $37.95 and its 200-day moving average is $35.43. The company has a market cap of $9.548 billion and a P/E ratio of 123.83.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings data on Thursday, October 24th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at McLean Capital Management upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Nomura raised their price target on shares of Royal Caribbean Cruises to $50.00 in a research note to investors on Friday. Finally, analysts at Barclays raised their price target on shares of Royal Caribbean Cruises from $40.00 to $50.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $43.83.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
