Royal Caribbean Cruises (NYSE:RCL) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a hold rating to a sell rating in a research note issued to investors on Monday.

Several other brokerages have also recently commented on RCL. Barclays raised their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an overweight rating in a research report on Friday, July 26th. Macquarie lifted their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. Mizuho increased their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Argus raised their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Finally, UBS Group upped their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a buy rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $182.31.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $169.78 on Monday. The firm has a fifty day moving average price of $159.92 and a two-hundred day moving average price of $148.27. Royal Caribbean Cruises has a fifty-two week low of $78.35 and a fifty-two week high of $173.40. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The company has a market cap of $43.69 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61.

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

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

Insiders Place Their Bets

In related news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its stake in shares of Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after purchasing an additional 286,868 shares during the period. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 0.5% in the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Norges Bank acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at about $323,251,000. Dimensional Fund Advisors LP boosted its holdings in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares during the last quarter. Finally, D1 Capital Partners L.P. grew its position in shares of Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after buying an additional 777,103 shares during the period. 87.53% of the stock is owned by 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.