Today it was reported that a Director at Royal Caribbean (RCL), Thomas Pritzker, exercised options to buy 8,578 RCL shares at $7.26 a share, for a total transaction value of $62.28K. The options were close to expired and Thomas Pritzker retained stocks.
This recent transaction increases Thomas Pritzker’s holding in the company by 1.06% to a total of $96.27 million. In addition to Thomas Pritzker, one other RCL executive reported Buy trades in the last month.
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Based on Royal Caribbean’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.33 billion and quarterly net profit of $316 million. In comparison, last year the company earned revenue of $2 billion and had a net profit of $288 million. RCL’s market cap is $24.71B and the company has a P/E ratio of 13.79. Currently, Royal Caribbean has an average volume of 2.82M.
Starting in September 2018, RCL received 14 Buy ratings in a row. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $149.20, reflecting a 26.3% upside. Six different firms, including Barclays and Buckingham, currently also have a Buy rating on the stock.
The insider sentiment on Royal Caribbean has been positive according to 70 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Royal Caribbean Cruises Ltd. is a global cruise vacation company. It owns and operates global crusie brands, namely Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises. It also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands. The company was founded in 1968 and is headquartered in Miami, FL.
