Stifel Nicolaus Maintains Royal Caribbean Cruises Ltd to Buy with Price Target $94.00

Brokerage firm Stifel Nicolaus Maintains its rating on Royal Caribbean Cruises Ltd(NYSE:RCL). In a research note issued to the investors, the brokerage major Lowers the price-target to $94.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jul 28, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Royal Caribbean Cruises Ltd, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Morgan Stanley said it Maintains its rating on Royal Caribbean Cruises Ltd. In the research note, the firm Lowers the price-target to $99.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 2, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Royal Caribbean Cruises Ltd. In the research note, the firm Lowers the price-target to $105.00 per share. The shares have been rated ‘Buy’ by the firm.

Royal Caribbean Cruises Ltd (RCL) made into the market gainers list on Thursdays trading session with the shares advancing 6.59% or 4.53 points. Due to strong positive momentum, the stock ended at $73.3, which is also near the day’s high of $74.43. The stock began the session at $69.42 and the volume stood at 65,54,966 shares. The 52-week high of the shares is $103.4 and the 52 week low is $64.21. The company has a current market capitalization of $15,777 M and it has 21,52,41,400 shares in outstanding.

Royal Caribbean Cruises Ltd(RCL) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.92B. Analysts had an estimated revenue of $1.91B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Nov 10, 2015, Eyal Ofer (director) sold 112,980 shares at $98.00 per share price.Also, On Nov 2, 2015, Jorge Vilches (President & CEO, Pullmantur) sold 1,035 shares at $98.50 per share price.On Oct 27, 2015, Harri U Kulovaara (EVP, Maritime) sold 8,228 shares at $100.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands such as Royal Caribbean International Celebrity Cruises Pullmantur Azamara Club Cruises CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105750 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries including Alaska Asia Australia Bahamas Bermuda Canada the Caribbean Europe the Panama Canal South America and New Zealand. Celebrity Cruises offers a variety of itineraries including Alaska Asia Australia Bermuda Canada the Caribbean Europe Hawaii New Zealand the Panama Canal and South America.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *