Sterne Agee CRT Initiates Coverage on Royal Caribbean Cruises Ltd to Neutral

Sterne Agee CRT Initiates Coverage on Royal Caribbean Cruises Ltd(NYSE:RCL). The shares have been rated Neutral. The rating by Sterne Agee CRT was issued on Jun 7, 2016.

In a different note, 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. On Apr 26, 2016, Goldman Sachs said it Maintains its rating on Royal Caribbean Cruises Ltd. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Buy’ by the firm.

Royal Caribbean Cruises Ltd (RCL) shares turned negative on Fridays trading session with the shares closing down -2.31 points or -3.03% at a volume of 19,00,068. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.15. The peak price level was also seen at $75.15 while the days lowest was $73.83. Finally the shares closed at $73.93. The 52-week high of the shares is $103.4 while the 52-week low is $64.21. According to the latest information available, the market cap of the company is $15,913 M.

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.

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