Price Change to Note: Could Royal Caribbean Cruises Ltd Change Direction After Today’s Huge Decline?

Price Change to Note: Could Royal Caribbean Cruises Ltd Change Direction After Today's Huge Decline?

The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) is a huge mover today! About 892,087 shares traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has declined 1.03% since March 11, 2016 and is downtrending. It has underperformed by 6.49% the S&P500.
The move comes after 8 months negative chart setup for the $15.17B company. It was reported on Oct, 14 by Barchart.com. We have $64.42 PT which if reached, will make NYSE:RCL worth $1.37B less.

Analysts await Royal Caribbean Cruises Ltd (NYSE:RCL) to report earnings on October, 28. They expect $3.11 EPS, up 9.51% or $0.27 from last year’s $2.84 per share. RCL’s profit will be $666.46 million for 5.69 P/E if the $3.11 EPS becomes a reality. After $1.09 actual EPS reported by Royal Caribbean Cruises Ltd for the previous quarter, Wall Street now forecasts 185.32% EPS growth.

Royal Caribbean Cruises Ltd (NYSE:RCL) Ratings Coverage

Out of 17 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Royal Caribbean Cruises Ltd. has been the topic of 28 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Hold” rating by Deutsche Bank on Thursday, September 29. Zacks upgraded the stock to “Hold” rating in Wednesday, August 5 report. The stock has “Buy” rating given by Argus Research on Tuesday, October 27. On Thursday, May 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, January 5. The firm earned “Hold” rating on Wednesday, January 27 by Pareto Securities. The company was initiated on Wednesday, November 18 by Wolfe Research. The rating was maintained by Goldman Sachs with “Buy” on Tuesday, April 26. The rating was initiated by Bernstein with “Outperform” on Friday, September 9. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Buy” rating by Argus Research on Tuesday, August 4.

According to Zacks Investment Research, “Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world’s largest glass-domed railcars.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.13, from 1.16 in 2016Q1. The ratio turned negative, as 68 funds sold all Royal Caribbean Cruises Ltd shares owned while 144 reduced positions. 68 funds bought stakes while 150 increased positions. They now own 152.06 million shares or 0.52% more from 151.28 million shares in 2016Q1.
Moreover, Caisse De Depot Et Placement Du Quebec has 0.03% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 158,911 shares. Renaissance Gru Ltd reported 329,342 shares or 0.94% of all its holdings. Moreover, Raymond James & Assoc has 0.01% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 31,876 shares. Public Sector Pension Invest Board has 31,744 shares for 0.02% of their US portfolio. Hall Laurie J Trustee holds 0.03% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 700 shares. Jupiter Asset Management reported 1.31 million shares or 3.36% of all its holdings. Advisors Asset Mngmt Inc accumulated 0% or 800 shares. Wedge Cap Mgmt L Lp Nc last reported 0% of its portfolio in the stock. Horizon Kinetics Limited Liability accumulated 18,325 shares or 0.03% of the stock. Frontier Capital Management Limited Liability last reported 959,406 shares in the company. Cantab Capital Prtnrs Ltd Liability Partnership has 1,547 shares for 0% of their US portfolio. The Pennsylvania-based Janney Montgomery Scott Limited Com has invested 0% in Royal Caribbean Cruises Ltd (NYSE:RCL). Moreover, Strs Ohio has 0% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 13,443 shares. Moreover, Rhumbline Advisers has 0.05% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 254,995 shares. Fdx Advisors Inc, a California-based fund reported 4,535 shares.

Insider Transactions: Since August 3, 2016, the stock had 2 insider buys, and 2 selling transactions for $706,116 net activity. Fain Richard D also bought $2.00 million worth of Royal Caribbean Cruises Ltd (NYSE:RCL) on Wednesday, August 3. 1,100 shares were bought by Sorensen Vagn O, worth $77,550 on Thursday, August 18. Bayley Michael W sold $865,864 worth of stock or 12,183 shares. Another trade for 6,790 shares valued at $505,555 was sold by Lutoff-Perlo Lisa.

More news for Royal Caribbean Cruises Ltd (NYSE:RCL) were recently published by: Nasdaq.com, which released: “Royal Caribbean Cruises Ltd. (RCL) Ex-Dividend Date Scheduled for September 27 …” on September 26, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Deutsche Bank Contingent, Royal Caribbean Cruises and …” and published on September 23, 2016 is yet another important article.

RCL Company Profile

Royal Caribbean Cruises Ltd., incorporated on July 23, 1985, is a cruise company. The Firm owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. Together, these brands operate approximately 44 ships in the cruise vacation industry with an aggregate capacity of approximately 110,900 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all the continents.

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