Economy

Royal Caribbean to Test Fuel Cell on High-End Newbuild

At the moment 22 analysts are watching Royal Caribbean Cruises Ltd. (NASDAQ:RCL), 12 rate it "Buy", 6 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". Bank of New York Mellon Corp now owns 1,992,417 shares of the company's stock worth $149,331,000 after buying an additional 536,612 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Royal Caribbean Cruises by 2,312.2% in the third quarter. The fund owned 34,111 shares of the company's stock after buying an additional 2,868 shares during the period. Capital Growth Management LP bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth approximately $61,933,000. Noesis Capital Mangement Corp now owns 76,955 shares of the company's stock worth $5,768,000 after buying an additional 3,195 shares during the period. The Company's principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans.

Royal Caribbean Cruises Ltd. has a 12-month low of $75.56 and a 12-month high of $133.75. Baillie Gifford & Co Limited.is the second biggest holder with 12 million shares now valued at 1.37 B million whilst PRIMECAP Management Company has 11 million shares valued at 1.23 B million.

The stock has a market capitalization of $28,090.00, a P/E ratio of 17.28, a PEG ratio of 0.74 and a beta of 1.07. Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.06. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. During the same quarter a year ago, the business posted $3.20 EPS.

Royal Caribbean Cruises expects annual earnings in the range of $7.35 to $7.40, adjusted only slightly from the annual guidance given in Q2 at $7.35 to $7.45, despite absorbing a negative impact of $0.26 from the recent hurricanes. The stock declined 1.08% or $2.62 reaching $240.85 on the news. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.48.

Among 22 analysts covering Royal Caribbean Cruises Ltd.

In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Monday, August 14th. Following the completion of the transaction, the executive vice president now owns 23,493 shares in the company, valued at approximately $2,809,997.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Employees Retirement System Of Texas acquired 65,600 shares as Royal Caribbean Cruises Ltd (RCL)'s stock rose 11.49%. The disclosure for this sale can be found here. The Employees Retirement System Of Texas holds 79,300 shares with $8.66 million value, up from 13,700 last quarter.

Since May 15, 2017, it had 0 insider purchases, and 2 insider sales for $4.39 million activity. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright law.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Friday, October 28th.

RCL has been the topic of a number of recent research reports. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has "Outperform" rating given on Friday, September 9 by Bernstein. Deutsche Bank AG reissued a "hold" rating and issued a $81.00 target price on shares of Royal Caribbean Cruises in a research note on Monday, October 31st. Royal Caribbean Cruises now has a consensus rating of "Buy" and an average price target of $90.57. Stifel Nicolaus reaffirmed a "buy" rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th.



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