Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $213.00 by Analysts at JPMorgan Chase & Co.

Royal Caribbean Cruises (NYSE:RCL) had its price objective hoisted by JPMorgan Chase & Co. from $210.00 to $213.00 in a report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts also recently issued reports on RCL. Tigress Financial lifted their price objective on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Truist Financial upped their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Mizuho increased their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an outperform rating in a research note on Friday, July 26th. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a buy rating in a research note on Friday, July 19th. Finally, Susquehanna raised their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a positive rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $182.31.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $169.78 on Monday. The stock has a fifty day moving average price of $159.92 and a 200 day moving average price of $148.27. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market cap of $43.69 billion, a PE ratio of 21.88, a P/E/G ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises has a 1 year low of $78.35 and a 1 year high of $173.40.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. Sell-side analysts forecast that Royal Caribbean Cruises will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth $2,624,000. Dana Investment Advisors Inc. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $325,000. New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the second quarter worth about $611,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock valued at $27,601,000 after purchasing an additional 154,090 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Royal Caribbean Cruises by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 51,097 shares of the company’s stock valued at $8,146,000 after purchasing an additional 2,856 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.