Royal Caribbean Group (NYSE:RCL) Price target cut to $118.00 by Stifel Nicolaus analysts

Royal Caribbean Group (NYSE:RCL – Get a Rating) had its price target lowered by equity researchers Stifel Nicolaus from $125.00 to $118.00 in a research note released Monday to investors, reports The Fly. Stifel Nicolaus’ target price would indicate a potential upside of 72.44% from the company’s previous close.

Other stock analysts have also recently released research reports on the stock. Berenberg Bank moved shares of Royal Caribbean Group from a “sell” rating to a “hold” rating and set a price target of $80.00 for the company in a Friday, Dec. 10 research report. Citigroup launched coverage on shares of Royal Caribbean Group in a report on Thursday, February 10. They set a “buy” rating and a target price of $105.00 on the stock. Finally, Morgan Stanley cut its price target on shares of Royal Caribbean Group from $65.00 to $61.00 and set an “underweight” rating on the stock in a Tuesday, February 8 report. One analyst rated the stock with a sell rating, four gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.30.

NYSE:RCL opened at $68.43 on Monday. The company has a debt ratio of 3.71, a quick ratio of 0.47 and a current ratio of 0.49. The stock has a market capitalization of $17.45 billion, a P/E ratio of -3.28 and a beta of 2.51. The company has a 50-day moving average price of $79.57 and a 200-day moving average price of $81.15. Royal Caribbean Group has a fifty-two week minimum of $61.45 and a fifty-two week maximum of $98.27.

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Royal Caribbean Group (NYSE:RCL – Get Rating) last released its quarterly earnings data on Friday, February 4. The company reported ($4.78) earnings per share for the quarter, missing the Zacks consensus estimate of ($3.70) by ($1.08). The company posted revenue of $982.30 million for the quarter, compared to $1.15 billion expected by analysts. Royal Caribbean Group recorded a negative return on equity of 67.57% and a negative net margin of 343.35%. The company’s revenue for the quarter increased 2,780.6% year over year. During the same period of the previous year, the company posted EPS ($5.02). Research analysts expect Royal Caribbean Group to post earnings per share of -2.09 for the current fiscal year.

Separately, CEO Lisa Lutoff-Perlo sold 10,435 shares of the company in a trade on Thursday, February 10. The shares were sold at an average price of $87.93, for a total value of $917,549.55. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. 9.56% of the shares are currently held by insiders of the company.

Large investors have recently changed their positions in the stock. PSI Advisors LLC acquired a new stake in Royal Caribbean Group during Q3 for $27,000. Massmutual Trust Co. FSB ADV increased its stake in Royal Caribbean Group by 303.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company worth $27,000 after acquiring 261 additional shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in Royal Caribbean Group during the 4th quarter at a value of $31,000. Cassady Schiller Wealth Management LLC acquired a new stake in Royal Caribbean Group during Q4 valued at $37,000. Finally, Allegheny Financial Group LTD acquired a new stake in Royal Caribbean Group during the 4th quarter for a value of $40,000. Hedge funds and other institutional investors hold 72.02% of the company’s shares.

About Royal Caribbean Group (Get an assessment)

Royal Caribbean Group operates as a global cruise line, which controls and operates the following global cruise brands: Royal Caribbean International, Celebrity Cruises, Silversea Cruises and Hapag-Lloyd Cruises. The company also has a stake in the TUI Cruises, Pullmantur and SkySea Cruises brands. The company was founded by Arne Wilhelmsen in 1968 and is based in Miami, Florida.

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