Royal Caribbean Cruises (RCL) Added to Berenberg's Alpha List

November 4, 2016 7:38 AM EDT
Get Alerts RCL Hot Sheet
Price: $85.04 +0.57%

Rating Summary:
    17 Buy, 12 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Berenberg adds Royal Caribbean Cruises (NYSE: RCL) to its Alpha list while retaining a Buy rating and price target of $100.

Analyst Stuart Gordon commented, "We retain Royal Caribbean Cruises (RCL) as our top pick in the cruise segment with a price target of $100. We believe that it will beat the $6.78 of EPS in 2017 needed to meet the EPS leg of its “double, double” strategy and this will see the shares re-rate. In our view, little attention is being paid to the potential for RCL to meet the 2017 EPS target simply from a number of financial and operational dynamics that are being underappreciated and that add c$0.74 of EPS. We add RCL to our ALPHA list."

For an analyst ratings summary and ratings history on Royal Caribbean Cruises click here. For more ratings news on Royal Caribbean Cruises click here.

Shares of Royal Caribbean Cruises closed at $76.09 yesterday.

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