Royal Caribbean Cruises (NYSE:RCL) was upgraded by equities researchers at Longbow Research from a “neutral” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on RCL. Analysts at SunTrust initiated coverage on shares of Royal Caribbean Cruises in a research note to investors on Friday. They set a “neutral” rating and a $44.00 price target on the stock. Separately, analysts at Investec initiated coverage on shares of Royal Caribbean Cruises in a research note to investors on Friday, September 27th. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at Handelsbanken raised their price target on shares of Royal Caribbean Cruises from $40.00 to $45.00 in a research note to investors on Wednesday, September 25th. They now have an “accumulate” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.41.
Shares of Royal Caribbean Cruises (NYSE:RCL) opened at 38.77 on Friday. Royal Caribbean Cruises has a 52-week low of $30.26 and a 52-week high of $40.71. The stock has a 50-day moving average of $38.33 and a 200-day moving average of $35.96. The company has a market cap of $8.515 billion and a P/E ratio of 113.36.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.14. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 8th. Investors of record on Tuesday, September 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, September 20th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.12.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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