Barclays Remains a Buy on Royal Caribbean (RCL)

In a report released yesterday, Felicia Hendrix from Barclays maintained a Buy rating on Royal Caribbean (RCLResearch Report), with a price target of $55.00. The company’s shares closed last Thursday at $43.35.

According to, Hendrix is a 4-star analyst with an average return of 2.3% and a 52.3% success rate. Hendrix covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Penn National Gaming, and Las Vegas Sands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Caribbean with a $59.92 average price target, implying a 45.4% upside from current levels. In a report issued on May 8, Nomura also maintained a Buy rating on the stock with a $62.00 price target.

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Based on Royal Caribbean’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.03 billion and GAAP net loss of $1.44 billion. In comparison, last year the company earned revenue of $2.44 billion and had a net profit of $250 million.

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Royal Caribbean Cruises Ltd. operates as a global cruise vacation company. It operates global cruise brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. The firm also holds interest in TUI Cruises, Pullmantur and SkySea Cruises brands. The company was founded in 1968 and is headquartered in Miami, FL.