Royal Caribbean Cruises Ltd. (RCL) : Analyst Rating Update

Royal Caribbean Cruises Ltd. (RCL) has an average broker rating of 1.36, which is interpreted as a Strong Buy, as rated by 11 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Royal Caribbean Cruises Ltd. (RCL) : The consensus price target for Royal Caribbean Cruises Ltd. (RCL) is $98.11 for the short term with a standard deviation of $11.61. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $119, however, the pessimist price target for the company is $80.

Royal Caribbean Cruises Ltd. (NYSE:RCL): The stock opened at $66.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $67.14 for the day. The stock traded down to $65.94 during the day, due to lack of any buying support eventually closed down at $66.40 with a loss of -1.35% for the day. The stock had closed at $67.31 on the previous day. The total traded volume was 2,472,318 shares.

Also, Sterne Agee CRT initiates coverage on Royal Caribbean Cruises Ltd. (NYSE:RCL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Sterne Agee CRT announces the price target of $83 per share. The rating by the firm was issued on June 7, 2016. The company shares have dropped -14.22% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $103.40 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $74.47 and the 200 Day Moving Average price is recorded at $78.51.

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 105,750 berths. The Companys 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.

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