Royal Caribbean Cruises Ltd. Co (NYSE:RCL):
Royal Caribbean Reports Solid Third Quarter Results And Remains On Path To The Double-Double.
The company is so far trading up by 9.42 percent from yesterday’s close.
Additionally the company recently announced a dividend for shareholders that was paid on Thursday the 13th of October 2016. The dividend payment was $0.480 per share for the quarter or $1.92 on an annualized basis. This dividend represents a yield of $2.75. The ex-dividend date was Tuesday the 27th of September 2016.
Company chares are trading at $74.47 just above $70.91, the 50 day moving average and a bit higher than the 200 day moving average of $72.89. The 50 day moving average went up $3.56 or +5.01% and the 200 day average was up $1.58.
Royal Caribbean Cruises Ltd. Co’s P/E ratio is 21.25 and market capitalization is 16.03B. In the last earnings report the EPS was $3.50 and is estimated to be $6.02 for the current year with 215,264,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.25 and the next full year EPS is projected to be $6.90.
Brokerages have released opinions on RCL. JP Morgan both downgraded the stock and lowered the price target on October 27 cutting the price target from $90.00 to $73.00 and changing the rating from “Overweight” to “Neutral”. On October 27 the stock rating was downgraded to “Neutral” from “Overweight” with a current price target of $73.00 in a report issued by JP Morgan.
On October 4 analysts at Macquarie started covering the stock setting a rating of “Outperform”. On October 3 Citigroup held the stock rating at “Buy” but lowered the price target from $107.00 to $91.00.
Equity analyst Deutsche Bank began coverage of the stock with a rating of “Hold” and price target of $81.00. On September 9, 2016 Bernstein initiated coverage on the stock giving it an initial rating of “Outperform” and setting a price target of $90.00.