Royal Caribbean (NYSE:RCL) Rating Reaffirmed
Royal Caribbean (NYSE:RCL) just had their share rating of a ‘Buy’ issued by research analysts at Stifel, who now has a $116 TP on the $21.11 billion market cap company or a 20.96% upside potential. This key information was revealed to investors in recent note on Monday morning.
From a total of 22 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $120 while the lowest target price is $64.73. The mean of all analyst targets is $101.88 with a 12.01% above today’s ($95.97) stock price. Royal Caribbean Cruises Ltd. was the topic of 13 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Wolfe Research initiated shares on November 18 with “Outperform” rating. Zacks upgraded RCL stock in a recent report from August 5 to “Hold” rating.
The stock increased 2.15% or $2.02 during the last trading session, striking $95.97. Approximately 3,302 shares of stock traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 26.65% since May 18, 2015 and is uptrending. It has outperformed by 32.46% the S&P500.
The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.15, from 1.04 in 2015Q2. The ratio improved, as 51 institutions have sold all the shares of Royal Caribbean Cruises Ltd that they owned while 143 funds have taken shares off the table. 75 funds have purchased shares for the first time while 156 added to their positions. These institutions now hold 137.34 million shares or 7.19% less than the 147.98 million shares they owned in 2015Q2.
The Fund Cranberry Lake Advisors Llc currently is holding shares equating to 19.06% of its total portfolio in Royal Caribbean Cruises Ltd representing a total of 322,325 shares. Another fund,Folketrygdfondet, is holding a total of 5.13 million shares equating to 13.79% of their holdings. Additionally, Majedie Asset Management Ltd has a 566,770 share stake in Royal Caribbean Cruises Ltd which represents 7.72% of their total portfolio. The Fund, Altimeter Capital Management Lp, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 7.07% of their total portfolio. Finally Tremblant Capital Group, a fund which is based in the state of New York reported a total holdings of 994,528 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 1, 2015, shareholders of Royal Caribbean Cruises Ltd have witnessed 0 insider purchases, and a total of 8 sales equating to a net activity of approximately $32.43 million . Fain Richard D sold 80,516 shares worth approximately $7.96M. Goldstein Adam M sold 90,000 shares worth approximately $8.90M. Lutoff-Perlo Lisa sold 205 shares worth approximately $18,245. Pimentel Lawrence R sold 7,000 shares worth approximately $637,000. The company insider Pujol Henry L sold 7,474 shares worth $665,741.
Royal Caribbean Cruises Ltd. is a cruise company. The company has a market cap of $21.11 billion. The Firm 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. It has 37.33 P/E ratio. Together, these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105,750 berths.
According to Zacks Investment Research, “Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world’s largest glass-domed railcars.”