Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, UBS Group Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its target price upped by investment analysts at UBS Group from $271.00 to $301.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 12.75% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Tigress Financial lifted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Argus increased their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Truist Financial raised their price objective on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Bank of America upped their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.59.

Royal Caribbean Cruises Stock Up 1.3 %

RCL stock opened at $266.95 on Tuesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The company has a market capitalization of $71.78 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 0.98 and a beta of 2.59. Royal Caribbean Cruises has a fifty-two week low of $113.10 and a fifty-two week high of $277.08. The stock has a fifty day moving average of $241.16 and a 200-day moving average of $203.72.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period last year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that Royal Caribbean Cruises will post 14.96 earnings per share for the current year.

Insider Activity

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock valued at $87,647,208 in the last ninety days. 7.95% of the stock is currently owned by company insiders.

Institutional Trading of Royal Caribbean Cruises

Several institutional investors have recently made changes to their positions in the business. National Pension Service boosted its stake in Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock valued at $199,327,000 after buying an additional 502,349 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after buying an additional 406,048 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $69,556,000. AustralianSuper Pty Ltd raised its position in shares of Royal Caribbean Cruises by 2,042.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after buying an additional 117,152 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring an additional 93,899 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

About Royal Caribbean Cruises

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.