Royal Caribbean Cruises Ltd (RCL) is Initiated by Macquarie to Outperform

Royal Caribbean Cruises Ltd (RCL) was Initiated by Macquarie to “Outperform”. Macquarie advised their investors in a research report released on Oct 4, 2016.

Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Shares were Reiterated by Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 94 from a previous price target of $99 .

On the company’s financial health, Royal Caribbean Cruises Ltd reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.02. The company had revenue of $2105.30 million for the quarter, compared to analysts expectations of $2167.28 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Royal Caribbean Cruises Ltd opened for trading at $74.51 and hit $75.725 on the upside on Friday, eventually ending the session at $74.95, with a gain of 0.94% or 0.7 points. The heightened volatility saw the trading volume jump to 19,32,554 shares. Company has a market cap of $16,134 M.

In a different news, on Aug 19, 2016, Vagn O Sorensen (director) purchased 1,100 shares at $70.50 per share price. According to the SEC, on Aug 12, 2016, Michael W Bayley (Pres& CEO,Royal Caribbean Intl) sold 12,183 shares at $71.07 per share price. On Aug 5, 2016, Lisa Lutoff-perlo (Pres & CEO, Celebrity Cruises) sold 6,790 shares at $74.46 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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