Price Don’t Lie: After Today’s Significant Increase, Is Royal Caribbean Cruises Ltd’s Near-Term Analysis Positive?

Price Don't Lie: After Today's Significant Increase, Is Royal Caribbean Cruises Ltd's Near Term Analysis Positive?

The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) is a huge mover today! About 1.05 million shares traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has declined 5.25% since March 15, 2016 and is downtrending. It has underperformed by 10.73% the S&P500.
The move comes after 5 months positive chart setup for the $14.85B company. It was reported on Oct, 18 by Barchart.com. We have $87.70 PT which if reached, will make NYSE:RCL worth $3.71 billion more.

Analysts await Royal Caribbean Cruises Ltd (NYSE:RCL) to report earnings on October, 28. They expect $3.11 EPS, up 9.51% or $0.27 from last year’s $2.84 per share. RCL’s profit will be $658.26 million for 5.64 P/E if the $3.11 EPS becomes a reality. After $1.09 actual EPS reported by Royal Caribbean Cruises Ltd for the previous quarter, Wall Street now forecasts 185.32% EPS growth.

Royal Caribbean Cruises Ltd (NYSE:RCL) Ratings Coverage

Out of 17 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Royal Caribbean Cruises Ltd. has been the topic of 28 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Argus Research with “Buy” on Tuesday, August 4. As per Thursday, September 29, the company rating was initiated by Deutsche Bank. On Tuesday, October 27 the stock rating was maintained by Argus Research with “Buy”. Wedbush maintained the shares of RCL in a report on Wednesday, February 3 with “Outperform” rating. Pareto Securities upgraded the shares of RCL in a report on Wednesday, January 27 to “Hold” rating. As per Tuesday, January 5, the company rating was downgraded by Morgan Stanley. The firm has “Equal-Weight” rating given on Thursday, May 26 by Morgan Stanley. The stock has “Outperform” rating given by Bernstein on Friday, September 9. Macquarie Research initiated the stock with “Outperform” rating in Tuesday, October 4 report. Goldman Sachs maintained Royal Caribbean Cruises Ltd (NYSE:RCL) rating on Tuesday, April 26. Goldman Sachs has “Buy” rating and $95 price target.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.13, from 1.16 in 2016Q1. The ratio dived, as 68 funds sold all Royal Caribbean Cruises Ltd shares owned while 144 reduced positions. 68 funds bought stakes while 150 increased positions. They now own 152.06 million shares or 0.52% more from 151.28 million shares in 2016Q1.
The Pennsylvania-based Stoneridge Inv Limited Liability Corp has invested 1.02% in Royal Caribbean Cruises Ltd (NYSE:RCL). Dimensional Fund Advsrs Lp last reported 2.32 million shares in the company. Pine River Cap Mngmt Limited Partnership, a Minnesota-based fund reported 102,284 shares. Aviance Ltd Liability Com holds 11,849 shares or 0.02% of its portfolio. Wolverine Asset Management Limited Liability Corporation accumulated 300 shares or 0% of the stock. Commerce Bancorp holds 0% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 3,889 shares. California State Teachers Retirement last reported 0.05% of its portfolio in the stock. The Ontario – Canada-based Manufacturers Life Insur The has invested 0.02% in Royal Caribbean Cruises Ltd (NYSE:RCL). Brick And Kyle holds 483 shares or 0.03% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.03% or 31,532 shares in its portfolio. Ivory Inv Mngmt Limited Liability accumulated 0.23% or 123,279 shares. Burney, a Virginia-based fund reported 142,391 shares. Cibc World holds 0% or 7,100 shares in its portfolio. The New York-based Dsm Partners Limited Liability Company has invested 2.82% in Royal Caribbean Cruises Ltd (NYSE:RCL). The Tennessee-based Laffer has invested 0% in Royal Caribbean Cruises Ltd (NYSE:RCL).

Insider Transactions: Since August 3, 2016, the stock had 2 buys, and 2 selling transactions for $706,116 net activity. 29,190 Royal Caribbean Cruises Ltd (NYSE:RCL) shares with value of $2.00 million were bought by Fain Richard D. $77,550 worth of shares were bought by Sorensen Vagn O on Thursday, August 18. 6,790 shares with value of $505,555 were sold by Lutoff-Perlo Lisa on Friday, August 5. Bayley Michael W sold $865,864 worth of stock or 12,183 shares.

More recent Royal Caribbean Cruises Ltd (NYSE:RCL) news were published by: Reuters.com which released: “BRIEF-Royal Caribbean Cruises Ltd raises dividend twenty-eight percent” on September 19, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Deutsche Bank Contingent, Royal Caribbean Cruises and …” on September 23, 2016. Nasdaq.com‘s news article titled: “Royal Caribbean Cruises Ltd. (RCL) Ex-Dividend Date Scheduled for September 27 …” with publication date: September 26, 2016 was also an interesting one.

RCL Company Profile

Royal Caribbean Cruises Ltd., incorporated on July 23, 1985, is a cruise company. The Firm owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. Together, these brands operate approximately 44 ships in the cruise vacation industry with an aggregate capacity of approximately 110,900 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all the continents.

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