Royal Caribbean Cruises Ltd. (RCL) Receives Price Target

Royal Caribbean Cruises Ltd. (RCL) : Currently there are 6 street experts covering Royal Caribbean Cruises Ltd. (RCL) stock. The most bullish and bearish price target for the stock is $101 and $71 respectively for the short term. The average price target of all the analysts comes to $93.17. The estimated standard deviation from the target is $11.18.

Royal Caribbean Cruises Ltd. (RCL) : 7 brokerage houses believe that Royal Caribbean Cruises Ltd. (RCL) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Royal Caribbean Cruises Ltd. (RCL). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.


Also, Stifel Nicolaus maintains its rating on Royal Caribbean Cruises Ltd. (NYSE:RCL). The global brokerage major lowers the current price target from $94 per share to $93 per share. Analysts at the Stifel Nicolaus have a current rating of Buy on the shares. The rating by the firm was issued on August 3, 2016.

Royal Caribbean Cruises Ltd. (NYSE:RCL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.76 and $71.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.71, notching a gain of 2.25% for the day. The total traded volume was 2,489,259 . The stock had closed at $71.11 on the previous day.

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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