Royal Caribbean Takes Reservation System Offline as Irma Moves Toward South Florida

Tammy Harvey
September 11, 2017

About 2.06M shares traded or 17.05% up from the average. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 38.22% since September 10, 2016 and is uptrending. It has outperformed by 1.07% the S&P500. Deutsche Bank AG assumed coverage on Royal Caribbean Cruises in a research report on Thursday, September 29th. At present, 0 analysts call it Sell, while 5 think it is Hold. Therefore 71% are positive. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The rating was maintained by Wedbush with "Outperform" on Friday, January 27. The firm earned "Sell" rating on Tuesday, August 15 by Goldman Sachs. The stock is a Buy among 18 brokerage firms polled by Factset Research. The firm has "Neutral" rating by Longbow given on Tuesday, November 29. As per Thursday, June 2, the company rating was downgraded by Northcoast.

Investors sentiment increased to 1.26 in Q4 2016. The company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.04.

Several institutional investors have recently modified their holdings of RCL. 84 funds opened positions while 120 raised stakes. Legal General Grp Public Limited Company has invested 0% of its portfolio in Oclaro Inc (NASDAQ:OCLR). Eagle Asset Management, a Florida-based fund reported 597,551 shares. Alyeska Investment Grp Lp has invested 0.04% in Royal Caribbean Cruises Ltd (NYSE:RCL). Retail Bank Of The West holds 0.39% or 34,053 shares in its portfolio. Janus Capital Management Lc reported 0% stake. State Of Tennessee Treasury Department invested in 0.04% or 94,671 shares.

Royal Caribbean didn't say how many employees would be evacuating on Enchantment. Princeton Alpha Management Lp sold 3,667 shares as Carlisle Cos Inc (CSL)'s stock declined 5.16%. First Tru Advisors L P has invested 0.05% in Royal Caribbean Cruises Ltd (NYSE:RCL). The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned "Hold" rating by Zacks on Wednesday, August 5. Finally, Macquarie assumed coverage on Royal Caribbean Cruises in a research report on Tuesday, October 4th. The company was maintained on Sunday, August 27 by Oppenheimer.

Once the ships arrived in port, other passengers without confirmed travel plans home found themselves stranded in the predicted path of the deadly storm. Kcg has invested 0.02% in Royal Caribbean Cruises Ltd (NYSE:RCL). The company presently has a consensus rating of "Buy" and a consensus price target of $90.86.

Navellier & Associates Inc decreased Vantiv Inc. Synovus Corp reported 3,039 shares stake. Ormat Technologies Inc. (NYSE:ORA) was reduced too. Market valuation of the company is $25.02 B, a price to earnings ratio of 16.32 along with a stock beta of 1.03. the firms 50 day SMA price is $118.61 and the 200 day SMA is $107.73. The Company 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. Also, Chief Executive Officer Richard D. Fain unloaded 210,706 stocks of the shares in a trade dated Wed, Aug 2nd. Putnam Limited invested 0% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL).

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