Royal Caribbean Cruises (NYSE:RCL) was upgraded by equities research analysts at Danske to a “buy” rating in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday, July 1st. They now have a $40.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note to investors on Thursday, June 6th. They now have a $35.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Royal Caribbean Cruises from $40.00 to $44.00 in a research note to investors on Wednesday, May 15th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.38.
Royal Caribbean Cruises (NYSE: RCL) opened at 36.57 on Friday. Royal Caribbean Cruises has a 1-year low of $24.16 and a 1-year high of $38.62. The stock’s 50-day moving average is currently $34.46. The company has a market cap of $8.024 billion and a price-to-earnings ratio of 167.75.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings data on Thursday, July 25th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.14. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Royal Caribbean Cruises has set its Q3 guidance at $1.65-$1.75 EPS and its FY13 guidance at $2.20-$2.30 EPS. On average, analysts predict that Royal Caribbean Cruises will post $2.39 earnings per share for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE: RCL) is a cruise company.