Published: Wed, August 02, 2017
Health | By Jay Jacobs

Royal Caribbean Cruises Ltd. Posts Better Than Expected Quarterly Earnings

Royal Caribbean Cruises Ltd. Posts Better Than Expected Quarterly Earnings

"However, lingering global uncertainties along with negative currency translation is likely to mar the company's worldwide profits".

Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 3.36% during trading on Tuesday, hitting $116.87. They now have a Dollars 123 price target on the stock.

Other Institutions have also purchased or disposed their positions in The corporation. Argus Research upgraded the shares of RCL in report on Monday, January 30 to "Buy" rating. On Tuesday, February 14 REILLY WILLIAM K sold $540,151 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) or 5,598 shares. Stifel Nicolaus has "Buy" rating and $700 target.

The shift from Bank of America came after Royal Caribbean was upgraded at Moody's Investors Services in April and S&P Credit Ratings in May. Finally, Wells Fargo & Company reaffirmed an outperform rating and set a $119.50 target price (up previously from $117.50) on shares of Royal Caribbean Cruises in a report on Tuesday, May 2nd. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. The stock has a consensus rating of "Buy" and an average target price of $106.19. The correct version of this report can be accessed at https://sportsperspectives.com/2017/08/01/j-p-morgan-chase-co-upgrades-royal-caribbean-cruises-ltd-rcl-to-overweight-updated.html. About shares traded. SeaWorld Entertainment Inc (NYSE:SEAS) has risen 3.38% since August 2, 2016 and is uptrending.

We see here that the stock is -19.39% away from the 20-Day Simple Moving Average. Craft Brew Alliance, Inc. has a 52-week low of 10.89 and a 52-week high of 22.40. The stock has a market capitalization of $25.28 billion, a P/E ratio of 18.17 and a beta of 1.06. Zacks Lowered stocks of Royal Caribbean Cruises from a "buy" recommendation to a "hold" recommendation in a analysis note on Friday.

05/01/2017 - Royal Caribbean Cruises Ltd. had its " rating reiterated by analysts at Goldman Sachs. The fund held 32,209 stocks of the firms shares after disposing 4,997 shares through out the quarter. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.04. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post $7.26 earnings per share for the current fiscal year. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Most recently the business also disclosed a divided for the quarter, to be paid on early Wed, Jul 5th. traders with a divided record date on Fri, Jun 2nd was issued a $0.48 dividend. Investors of record on Friday, June 2nd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.64%. Cap Ww Investors has invested 0.07% in Royal Caribbean Cruises Ltd (NYSE:RCL). New York State Common Retirement Fund invested in 564,571 shares or 0.07% of the stock.

Nippon Life Insurance Company decreased Oracle Corp (ORCL) stake by 9.29% reported in 2016Q4 SEC filing. Fain Richard D sold 20,000 shares worth $2.16M. The disclosure for this sale can be found here. Institutional investors own 71.23% of the company's stock.

Total shares held by institutions as of the most recent company filings are 155,194,954 with a reported 8,316,704 bought and 11,602,674 sold. Royal Caribbean Cruises Ltd now has $25.14B valuation. It also upped Penn Natl Gaming Inc (NASDAQ:PENN) stake by 1.80M shares and now owns 2.00 million shares. Dynamic Capital Management Ltd boosted its stake in shares of Royal Caribbean Cruises by 55.5% in the first quarter. Elkhorn Investments acquired a new position in stocks of Royal Caribbean Cruises in Q4 which is worth at roughly $722,000. Bank of The West now owns 34,275 shares of the company's stock valued at $3,363,000 after buying an additional 222 shares in the last quarter. Nomura Asset Mgmt Co Ltd holds 0.03% in Royal Caribbean Cruises Ltd (NYSE:RCL) or 20,828 shares.

More notable recent Royal Caribbean Cruises Ltd (NYSE:RCL) news were published by: Foxbusiness.com which released: "Hot Stocks to Watch in the U.S. and Canada" on August 01, 2017, also Seekingalpha.com with their article: "Royal Caribbean: All Aboard" published on July 07, 2017, Nasdaq.com published: "Commit To Buy Royal Caribbean Cruises At $77.50, Earn 4.7% Using Options" on July 18, 2017. British Columbia Investment Management Corp now owns 146,986 shares of the company's stock valued at $14,421,000 after buying an additional 42,656 shares in the last quarter.

Royal Caribbean Cruises Ltd.is a cruise company.

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