Health Care

Royal Caribbean Returning to San Juan, St Maarten

Royal Caribbean Returning to San Juan, St Maarten”

Nomura reiterated a "buy" rating and issued a $83.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday, September 14th.

"There need to be a wide variety of shore excursion elements available in order for us to deliver a guest-satisfying experience at a port", said Adam Goldstein, president and COO of Royal Caribbean Cruises, in a recent call with media. The company now has a consensus rating of "Buy" and a consensus target price of $93.12.

According to the FCCA, cruising generated $2.4 billion in direct economic impact for the Caribbean and created almost 55,000 jobs and $842 million in wages throughout the region during the 2014-15 cruise season. The stock's 50-day moving average is $120.90 and its 200 day moving average is $113.56. The company has market cap of $26.33 billion.

Royal Caribbean Cruises a cruise company. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 4.1% during the 2nd quarter. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. After having $1.71 EPS previously, Royal Caribbean Cruises Ltd's analysts see 102.34 % EPS growth.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, August 1st. During the same quarter in the prior year, the company posted $1.09 earnings per share.

Among 21 analysts covering Royal Caribbean Cruises Ltd.

COPYRIGHT VIOLATION NOTICE: "Royal Caribbean Cruises' (RCL) "Buy" Rating Reaffirmed at SunTrust Banks, Inc." was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. Royal Caribbean Cruises Ltd. has a 12 month low of $64.21 and a 12 month high of $103.40.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 27th. The news comes on the heels of the recent announcement that Adventure of the Seas will be the first ship to call on St. Thomas on November 10. This represents a $1.92 annualized dividend and a dividend yield of 2.60%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 33.71%. Coliseum Capital Management - LLC sold $949,181 worth of stock or 14,450 shares. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 210,706 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 480,079 shares of company stock valued at $56,461,455 over the last ninety days. Insiders own 15.30% of the company's stock. Moreover, Sei Invs has 0.02% invested in Royal Caribbean Cruises Ltd (NYSE:RCL). MA now owns 2,882 shares of the company's stock worth $283,000 after purchasing an additional 11 shares during the last quarter. Intrust Bank NA grew its position in shares of Royal Caribbean Cruises by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 531,677 shares of the company's stock valued at $58,075,000 after acquiring an additional 525,851 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Royal Caribbean Cruises by 9.7% in the 2nd quarter. Meeder Asset Management Inc. boosted its position in Royal Caribbean Cruises by 375,628.6% during the 3rd quarter. Eqis Capital Management Inc. now owns 2,370 shares of the company's stock worth $259,000 after purchasing an additional 8 shares during the last quarter. The hedge fund run by Julian Robertson held 202,210 shares of the marine transportation company at the end of 2017Q2, valued at $22.09 million, down from 249,260 at the end of the previous reported quarter.

The Caribbean is one of the world's most popular regions for cruise travelers. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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