Royal Caribbean Cruises Drops on Analyst Downgrade

By Tamara Parker • Tuesday, December 06 15:34 • Permanent Link

Today Barrons's reported: "Royal Caribbean Is a Sell, Says Analyst." For more coverage, read the full article here. On the back of this news, D/B/A Royal Caribbean Cruises sank -4.0% to a price of $57.04.

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, D/B/A Royal Caribbean Cruises has a trailing 12 month P/E ratio of -2.3 and a P/B ratio of 1.6.

At today's price of $57.04 per share, Royal Caribbean Cruises is -11.66% away from its target price of $64.57, and on average, analysts give the stock a rating of buy. 12.2% of the company's shares are linked to short positions, and 69.4% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.