Royal Caribbean Cruises Ltd (RCL) is Reiterated by Stifel to Buy, Lowers Price Target to $ 94

Royal Caribbean Cruises Ltd (RCL) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 94 from a previous price target of $99 . Stifel advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Sterne Agee CRT Initiated Royal Caribbean Cruises Ltd on Jun 7, 2016 to “Neutral”, Price Target of the shares are set at $83.Shares were Reiterated by Morgan Stanley on May 26, 2016 to “Equal-Weight” and Lowered the Price Target to $ 80 from a previous price target of $99 .

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 -0.02 points or -0.03% at $73.24 with 20,85,285 shares getting traded on Thursday. Post opening the session at $72.94, the shares hit an intraday low of $71.93 and an intraday high of $73.28 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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