Can Royal Caribbean Cruises Ltd. (RCL)’s Tomorrow be Different? The Stock Formed a Double Bottom Pattern

July 14, 2018 - By Frank Plummer

Royal Caribbean Cruises Ltd. (NYSE:RCL) Logo

Investors sentiment decreased to 1.14 in 2018 Q1. Its down 0.18, from 1.32 in 2017Q4. It worsened, as 49 investors sold Royal Caribbean Cruises Ltd. shares while 178 reduced holdings. 70 funds opened positions while 189 raised stakes. 144.48 million shares or 6.03% less from 153.74 million shares in 2017Q4 were reported.
Eqis Capital Mgmt reported 3,317 shares or 0.02% of all its holdings. 2.36 million are owned by Geode Cap Ltd Company. 1832 Asset Mngmt Lp has 100 shares for 0% of their portfolio. Gideon Capital Advisors accumulated 2,583 shares or 0.19% of the stock. 233,870 are owned by Td Asset Mgmt. Profund holds 6,062 shares. Eastern Retail Bank invested 0.79% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Rmb Limited Com has 42,655 shares for 0.13% of their portfolio. Hwg Limited Partnership holds 0.04% or 400 shares. Eaton Vance reported 0.01% stake. Shellback Lp holds 90,800 shares or 0.78% of its portfolio. Stevens Capital Mgmt L P stated it has 0.66% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL). Guardian Life Ins Of America owns 394 shares for 0.01% of their portfolio. Archford Capital Strategies Ltd Liability Company holds 0% or 43 shares. Moreover, Lazard Asset Management Lc has 0.06% invested in Royal Caribbean Cruises Ltd. (NYSE:RCL).

Since January 16, 2018, it had 0 insider purchases, and 11 sales for $21.35 million activity. Liberty Jason T sold 5,892 shares worth $772,942. 20,000 shares were sold by Fain Richard D, worth $2.53M on Tuesday, March 13. Bayley Michael W also sold $2.50 million worth of Royal Caribbean Cruises Ltd. (NYSE:RCL) shares.

The chart of Royal Caribbean Cruises Ltd. (RCL) shows a double bottom with $101.40 target or 6.00 % below today’s $107.87 share price. The 7 months chart pattern indicates high risk for the $22.84B company. It was reported on Jul, 14 by Finviz.com. If the $101.40 price target is reached, the company will be worth $1.37 billion less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.98% or $1.07 during the last trading session, reaching $107.87. About 1.55M shares traded. Royal Caribbean Cruises Ltd. (NYSE:RCL) has declined 0.42% since July 14, 2017 and is downtrending. It has underperformed by 12.99% the S&P500.

Analysts await Royal Caribbean Cruises Ltd. (NYSE:RCL) to report earnings on August, 7. They expect $1.92 earnings per share, up 12.28 % or $0.21 from last year’s $1.71 per share. RCL’s profit will be $406.55 million for 14.05 P/E if the $1.92 EPS becomes a reality. After $1.09 actual earnings per share reported by Royal Caribbean Cruises Ltd. for the previous quarter, Wall Street now forecasts 76.15 % EPS growth.

Royal Caribbean Cruises Ltd. (NYSE:RCL) Ratings Coverage

Among 8 analysts covering Royal Caribbean (NYSE:RCL), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Royal Caribbean had 12 analyst reports since January 18, 2018 according to SRatingsIntel. On Friday, June 15 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Wednesday, April 25 by Susquehanna. Stifel Nicolaus maintained it with “Buy” rating and $15200 target in Thursday, April 19 report. The rating was maintained by SunTrust on Thursday, January 25 with “Buy”. The stock has “Neutral” rating by Bank of America on Thursday, January 25. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) earned “Buy” rating by Susquehanna on Thursday, January 18. The firm has “Buy” rating by Stifel Nicolaus given on Friday, April 27. The stock has “Overweight” rating by JP Morgan on Thursday, January 25. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, June 5. The rating was maintained by Wedbush on Thursday, January 25 with “Buy”.

More recent Royal Caribbean Cruises Ltd. (NYSE:RCL) news were published by: Seekingalpha.com which released: “Analyzing sulfur cap impact in the cruise line sector” on July 09, 2018. Also Seekingalpha.com published the news titled: “Royal Caribbean: Best positioned among cruise stocks – Barron’s” on July 07, 2018. Seekingalpha.com‘s news article titled: “Royal Caribbean-Silversea: Too Much, Too Late” with publication date: June 27, 2018 was also an interesting one.

Royal Caribbean Cruises Ltd. operates as a cruise company. The company has market cap of $22.84 billion. The firm operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brand names. It has a 14.25 P/E ratio. The Royal Caribbean International brand provides a range of itineraries ranging from 2 to 24 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.

Royal Caribbean Cruises Ltd. (NYSE:RCL) Ratings Chart

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