The Chairman & CEO of Royal Caribbean (RCL) is Buying Shares


Today, the Chairman & CEO of Royal Caribbean (RCL), Richard Fain, bought shares of RCL for $2M.

Following this transaction Richard Fain’s holding in the company was increased by 1.79% to a total of $114 million. In addition to Richard Fain, 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 September 30, the company posted quarterly revenue of $2.8 billion and quarterly net profit of $810 million. In comparison, last year the company earned revenue of $2.57 billion and had a net profit of $753 million. RCL’s market cap is $22.07B and the company has a P/E ratio of 12.56. Currently, Royal Caribbean has an average volume of 816.3K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $149.40, reflecting a 42.2% upside. Starting in September 2018, RCL received 10 Buy ratings in a row. Seven different firms, including Stifel Nicolaus and Deutsche Bank, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $168.2K worth of RCL shares and purchased $2M worth of RCL shares. The insider sentiment on Royal Caribbean has been negative according to 84 insider trades in the past three months. This sentiment is lower 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.

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