Royal Caribbean (NYSE:RCL) Rating Reiterated

New York: In an analyst note published on Thursday, 25 January, Stifel kept their Buy rating on shares of Royal Caribbean (NYSE:RCL). They currently have a $152.0 target price on the firm. Stifel’s target indicates a potential upside of 14.54 % from the company’s last stock price.

NYSE:RCL is now trading -1.50% lower at $122.63 as of 12:03 PM New York time. Royal Caribbean’s stock is 0% over the past 200 days. It has underperformed the S&P500, which has risen 6.00% over the same time period.

Out of 18 brokers covering Royal Caribbean, 20 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $109 and the lowest is $80 according to Thomson/First Call. The 12-month mean target is $97.83, which means downside potential of 20.22% over the current price.

Institutional Ownership

Cranberry Lake Advisors Llc had the biggest stake with ownership of 322,325 shares as of q2 2015 for 15.57% of the long stock exposure. Archon Capital Management Llc is another notably bullish investment manager who is owning 47,000 shares of Royal Caribbean or 8.98% of their long stock exposure. Furthermore, Hg Vora Capital Management Llc have 7.76% of their long stock exposure invested in the company for 800,000 shares. The New York-based fund Roystone Capital Management Lp disclosed it had bought so far a stake worth about 4.9% of the investment manager’s stock portfolio in Royal Caribbean. The New York-based fund Tiger Management L.L.C. is also positive about the stock, possessing 1.08M shares or 4.87% of their long stock exposure.

Royal Caribbean (NYSE:RCL) Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Royal Caribbean (NYSE:RCL) traded down -1.50% on 25 January, hitting $122.63. A total of 596,826 shares of the company’s stock traded hands. This is down from average of 1.72 million shares. Royal Caribbean has a 52 week low of $78.77 and a 52 week high of $133.75. The company has a market cap of $26.25 billion and a P/E ratio of 16.38.

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