Royal Caribbean Cruises Ltd (RCL) is Reiterated by Morgan Stanley to Equal-Weight, Lowers Price Target to $ 80

Royal Caribbean Cruises Ltd (RCL) was Reiterated by Morgan Stanley to “Equal-Weight” while Lowering the Price Target of the company shares to $ 80 from a previous price target of $99 . Morgan Stanley advised their investors in a research report released on May 26, 2016.

On the company’s financial health, Royal Caribbean Cruises Ltd reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $1917.79 million for the quarter, compared to analysts expectations of $1911.18 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Royal Caribbean Cruises Ltd closed down -2.31 points or -2.89% at $77.5 with 24,51,150 shares getting traded on Wednesday. Post opening the session at $79.55, the shares hit an intraday low of $77.32 and an intraday high of $79.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 10, 2015, Eyal Ofer (director) sold 112,980 shares at $98.00 per share price. According to the SEC, 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.

Royal Caribbean Cruises Ltd

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