Brokerages Set Royal Caribbean Cruises Ltd. (NYSE:RCL) Target Price at $243.25

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $243.25.

RCL has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Barclays upped their price objective on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 in the last quarter. 7.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Graypoint LLC raised its holdings in Royal Caribbean Cruises by 6.8% during the 4th quarter. Graypoint LLC now owns 1,463 shares of the company’s stock worth $337,000 after purchasing an additional 93 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $40,000. Fulton Bank N.A. grew its position in shares of Royal Caribbean Cruises by 36.7% during the 4th quarter. Fulton Bank N.A. now owns 6,661 shares of the company’s stock worth $1,537,000 after buying an additional 1,788 shares during the period. Range Financial Group LLC grew its position in shares of Royal Caribbean Cruises by 582.8% during the 4th quarter. Range Financial Group LLC now owns 19,426 shares of the company’s stock worth $4,481,000 after buying an additional 16,581 shares during the period. Finally, CWA Asset Management Group LLC grew its position in Royal Caribbean Cruises by 6.5% in the 4th quarter. CWA Asset Management Group LLC now owns 3,296 shares of the company’s stock valued at $760,000 after purchasing an additional 202 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $226.81 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises has a 12-month low of $113.10 and a 12-month high of $258.70. The company has a market capitalization of $60.98 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The firm’s 50 day moving average is $235.82 and its 200-day moving average is $193.36.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $3.85 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be paid a $0.55 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.97%. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

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.