The stock of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) earned "Neutral" rating by Goldman Sachs on Wednesday, February 24. Canaccord Genuity maintained it with "Buy" rating and GBX 1514 target in Friday, January 29 report. Royal Caribbean thus remains positioned to witness another record year and achieve its targets under the Double-Double program. The company has also been successful in dealing with the volatility in fuel prices given its environmental efforts. However, higher costs might hurt the company's profitability in the near term. "Despite growth opportunities, lingering global uncertainties in key operating regions are also likely to affect its worldwide profits".
RCL has been the topic of several analyst reports.
Royal Caribbean Cruises has increased its dividend by an average of 48.5% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Royal Caribbean Cruises has a consensus rating of "Buy" and a consensus target price of $118.44. UBS AG reiterated a "buy" rating and issued a $131.00 price target (up from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th.
It is reasons like this that investors need to consider factors outside of just financial statements and valuation multiples to determine if a stock is a good buy.
Royal Caribbean Cruises (NYSE:RCL) opened at 118.82 on Tuesday. The company has market cap of $1.28 billion. The firm's 50 day moving average is $118.47 and its 200 day moving average is $107.66. Royal Caribbean Cruises has a one year low of $65.10 and a one year high of $125.00. The company's quarterly EPS surprised Wall Street by as much as -25% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Moreover, Prelude Mgmt Limited Liability Company has 0.03% invested in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) for 6,459 shares. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Royal Caribbean Cruises will post $7.44 EPS for the current fiscal year. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has risen 6.36% since September 6, 2016 and is uptrending. If you are accessing this piece on another site, it was copied illegally and republished in violation of U.S. and worldwide copyright and trademark laws. The correct version of this story can be accessed at https://stocknewstimes.com/2017/09/07/royal-caribbean-cruises-ltd-rcl-plans-dividend-increase-0-60-per-share.html.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be given a dividend of $0.60 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.48. Revenue during the quarter was $1.03 billion, representing 8% growth from $956.83 million in year-ago quarter. Royal Caribbean Cruises's dividend payout ratio (DPR) is now 26.97%. About 2.43 million shares traded or 54.78% up from the average. The stock price stays 1.62% away from its 20 days moving average. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The shares were sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the transaction, the chief executive officer now owns 967,741 shares of the company's stock, valued at $106,083,768.42. The disclosure for this sale can be found here. Its share price has decline -7.65% in three months and is up 0.30% for the last five trades. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change nearly immediately. The firm has "Buy" rating by Buckingham Research given on Wednesday, August 9. Achmea Investment Management B.V. now owns 9,769 shares of the company's stock valued at $1,065,000 after purchasing an additional 2,658 shares during the period. $798,900 worth of Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) shares were sold by Montague Jason. Asset Management One Company Limited owns 100 shares. American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 9,025.9% during the 2nd quarter. Finally, Mik Capital LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $51,269,000.
Norwegian Cruise Line Holdings Ltd. (NCLH) have shown a high EPS growth of 31.50% in the last 5 years and has earnings rose of 49.60% yoy. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brand names.