Royal Caribbean Cruises Ltd. (NYSE:RCL) Reviewed By Analysts

Gladys Abbott
July 21, 2017

Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $111.27 and $111.91. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. Advisors Preferred LLC purchased a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $103,000. About 783 shares traded. Sterne Agee CRT initiated Royal Caribbean Cruises Ltd (NYSE:RCL) rating on Tuesday, June 7. It has outperformed by 21.52% the S&P500.

Daniel Beltzman decreased its stake in Alico Inc (ALCO) by 30.58% based on its latest 2016Q4 regulatory filing with the SEC.

Roystone Capital Management Lp, which manages about $1.66 billion and $1.69 billion US Long portfolio, upped its stake in Alphabet Inc by 7,600 shares to 34,000 shares, valued at $26.94 million in 2016Q4, according to the filing. The business's revenue for the quarter was up 4.7% on a year-over-year basis. This buyback authorization permits the company to repurchase up to 2.2% of its shares through open market purchases. The stock increased 0.63% or $0.71 during the last trading session, reaching $112.56. About shares traded. Seneca Foods Corp (SENEA) has risen 14.82% since July 20, 2016 and is uptrending.

Since January 27, 2017, it had 0 insider purchases, and 13 selling transactions for $12.43 million activity. Hudock Gru Lc has invested 0.04% in Royal Caribbean Cruises Ltd (NYSE:RCL). Pimentel Lawrence R had sold 9,000 shares worth $875,718.

Analysts forecast that Royal Caribbean Cruises Ltd. (NYSE:RCL) will announce $2.19 billion in sales for the current quarter, according to Zacks. Bank of Montreal Can now owns 128,095 shares of the company's stock worth $12,568,000 after buying an additional 36,056 shares during the last quarter. Another trade for 2,440 shares valued at $235,460 was sold by Bayley Michael W. 8,744 shares were sold by Liberty Jason T, worth $838,441 on Wednesday, February 8. The legal version of this report can be accessed at Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights. Chevy Chase Trust Holdings Inc. now owns 144,593 shares of the company's stock worth $14,186,000 after buying an additional 4,735 shares during the last quarter. In that case, its shares would mark a 1.15% decline from the most recent price.

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Since an alpha above 1 hints at more gains, investors can predict some further rally scope. Its down 0.41, from 1.03 in 2016Q3. It is positive, as 53 investors sold RCL shares while 151 reduced holdings. 31 funds opened positions while 50 raised stakes. Andra Ap reported 7,900 shares. Shaker Financial Services Llc, a Virginia-based fund reported 30,534 shares. Affinity Inv Advisors holds 0.29% or 38,010 shares in its portfolio. Davy Asset Management accumulated 26,163 shares. Quantitative Systematic Strategies LLC boosted its stake in shares of Royal Caribbean Cruises by 48.3% in the first quarter. Honeywell owns 225,600 shares. X Mngmt Communications Ltd owns 0.01% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 2,157 shares. Royal Caribbean Cruises had a net margin of 16.29% and a return on equity of 15.91%. Bank of Montreal Can raised its stake in shares of Royal Caribbean Cruises by 39.2% in the first quarter. Blackrock Group has invested 0.05% in Royal Caribbean Cruises Ltd (NYSE:RCL). Webster Comml Bank N A invested in 180 shares. The Wisconsin-based Convergence Prtnrs Ltd Liability has invested 0.23% in Royal Caribbean Cruises Ltd (NYSE:RCL). Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. Therefore 43% are positive.

Analyst Joseph Greff said they upgraded the stock because of Royal Caribbean's seasonal outperformance, expected growth in pricing and a "reasonable valuation" at about 13 times forward earnings per share. On Wednesday, February 24 the stock rating was maintained by Mizuho with "Neutral". Argus Research maintained Royal Caribbean Cruises Ltd (NYSE:RCL) rating on Tuesday, October 27. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, May 1st. On Thursday, January 26 the stock rating was maintained by JP Morgan with "Neutral". Barclays Capital maintained the shares of MGIC in report on Thursday, August 11 with "Overweight" rating. The rating was downgraded by Goldman Sachs on Thursday, January 19 to "Sell".

Since March 2, 2017, it had 3 buys, and 0 insider sales for $21.53 million activity.

Investors sentiment increased to 1.38 in 2016 Q4. Its up 0.01, from 0.99 in 2016Q3. Analysts believe that we could see stock price minimum in the $2.6 range (lowest target price), allowing for another -50% drop from its current position. Lombard Odier Asset Mgmt (Usa) Corporation has invested 0.3% in Royal Caribbean Cruises Ltd (NYSE:RCL). Towerview Ltd has invested 0.3% in Alico, Inc. (NASDAQ:ALCO). 250 are held by Pnc Fincl Services Grp. (NASDAQ:ALCO). Northern Tru has 0% invested in Alico, Inc. Hartline stated it has 9,035 shares or 0.26% of all its holdings. Credit Suisse Ag has 0% invested in Alico, Inc.

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