Royal Caribbean Cruises Ltd (RCL)’s Stock Is Buy After Forming Wedge Up Pattern

June 20, 2017 - By Clifton Ray

Investors sentiment increased to 1 in 2016 Q4. Its up 0.01, from 0.99 in 2016Q3. It improved, as 53 investors sold Royal Caribbean Cruises Ltd shares while 151 reduced holdings. 84 funds opened positions while 120 raised stakes. 154.14 million shares or 3.51% more from 148.91 million shares in 2016Q3 were reported.
Mngmt Va has 3% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 109,687 shares. Wells Fargo & Communication Mn invested in 965,891 shares. Daiwa Securities Group accumulated 10,600 shares. Cap Sarl has invested 1.26% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Renaissance Technology Lc has invested 0.07% in Royal Caribbean Cruises Ltd (NYSE:RCL). Tci Wealth reported 436 shares. Viking Fund Management Ltd Liability Com stated it has 3,000 shares or 0.03% of all its holdings. Dimensional Fund Advsr Lp invested 0.11% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Dekabank Deutsche Girozentrale invested 0.15% in Royal Caribbean Cruises Ltd (NYSE:RCL). Commonwealth State Bank Of Australia has 17,841 shares for 0.02% of their portfolio. Putnam Investments Ltd Liability accumulated 3,400 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested 0.01% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Ariel Invests Ltd Com holds 1.02% or 1.05M shares in its portfolio. Granahan Management Inc Ma, Massachusetts-based fund reported 2,871 shares. Intact Investment Management stated it has 37,700 shares.

Since January 27, 2017, it had 0 buys, and 13 sales for $12.43 million activity. Liberty Jason T sold $838,441 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) on Wednesday, February 8. $758,363 worth of stock was sold by Lutoff-Perlo Lisa on Wednesday, February 8. Bayley Michael W sold $1.24M worth of Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday, February 7. Another trade for 20,000 shares valued at $2.16M was made by Fain Richard D on Monday, May 15. REILLY WILLIAM K also sold $213,341 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) shares. Shares for $83,241 were sold by Stein Bradley H. 7,527 shares were sold by Kulovaara Harri U, worth $827,970.

The stock of Royal Caribbean Cruises Ltd (RCL) formed an up wedge with $121.56 target or 8.00 % above today’s $112.56 share price. The 8 months wedge indicates low risk for the $24.51B company. If the $121.56 price target is reached, the company will be worth $1.96 billion more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 176,908 shares traded. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 38.22% since June 20, 2016 and is uptrending. It has outperformed by 21.52% the S&P500.

Analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to report $1.60 EPS on August, 1.They anticipate $0.51 EPS change or 46.79 % from last quarter’s $1.09 EPS. RCL’s profit would be $348.40M giving it 17.59 P/E if the $1.60 EPS is correct. After having $0.99 EPS previously, Royal Caribbean Cruises Ltd’s analysts see 61.62 % EPS growth.

Royal Caribbean Cruises Ltd (NYSE:RCL) Ratings Coverage

Among 18 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 12 have Buy rating, 1 Sell and 5 Hold. Therefore 67% are positive. Royal Caribbean Cruises Ltd. had 37 analyst reports since August 3, 2015 according to SRatingsIntel. Wedbush maintained the stock with “Outperform” rating in Wednesday, February 3 report. The firm has “Neutral” rating by JP Morgan given on Thursday, October 27. The firm has “Hold” rating by Pareto Securities given on Wednesday, January 27. Macquarie Research initiated Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday, October 4 with “Outperform” rating. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has “Buy” rating given on Monday, January 30 by Argus Research. The company was maintained on Tuesday, October 27 by Argus Research. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, January 19. Argus Research maintained Royal Caribbean Cruises Ltd (NYSE:RCL) rating on Tuesday, August 4. Argus Research has “Buy” rating and $103 target. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 5. Morgan Stanley maintained Royal Caribbean Cruises Ltd (NYSE:RCL) on Thursday, May 26 with “Equal-Weight” rating.

More important recent Royal Caribbean Cruises Ltd (NYSE:RCL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: PepsiCo, Royal Caribbean Cruises and Nike” on May 30, 2017, also Blogs.Wsj.com published article titled: “Royal Caribbean CIO Plans Careful Adoption of Artificial Intelligence”, Finance.Yahoo.com published: “Royal Caribbean (RCL) Strong on Initiatives & Bookings Trend” on May 22, 2017. More interesting news about Royal Caribbean Cruises Ltd (NYSE:RCL) was released by: Zacks.com and their article: “Is the Options Market Predicting a Spike in Royal Caribbean Cruises (RCL) Stock?” with publication date: June 09, 2017.

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