Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives $220.00 Consensus Price Target from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $220.00.

Several equities research analysts recently commented on the company. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Finally, UBS Group upped their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st.

Royal Caribbean Cruises Stock Up 1.7 %

Shares of Royal Caribbean Cruises stock opened at $241.49 on Wednesday. The company has a fifty day moving average price of $201.02 and a 200 day moving average price of $171.29. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises has a twelve month low of $103.61 and a twelve month high of $242.20. The stock has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts forecast that Royal Caribbean Cruises will post 11.64 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 407,405 shares of company stock valued at $94,817,966 over the last ninety days. 7.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Hedge funds have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in Royal Caribbean Cruises during the third quarter worth about $26,000. Unique Wealth Strategies LLC bought a new stake in Royal Caribbean Cruises during the second quarter worth about $27,000. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises during the third quarter worth about $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.