Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $197.27.

Several equities research analysts have recently weighed in on RCL shares. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Susquehanna boosted their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. Citigroup increased their price target on Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Macquarie boosted their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th.

Royal Caribbean Cruises Trading Down 1.0 %

Shares of RCL stock opened at $200.93 on Friday. The company has a market cap of $51.71 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises has a 1 year low of $78.35 and a 1 year high of $204.37. The stock’s 50 day simple moving average is $175.55 and its two-hundred day simple moving average is $158.46. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly 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. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 EPS. Research analysts predict that Royal Caribbean Cruises will post 11.61 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction that occurred on 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 approximately $6,755,840. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its stake in Royal Caribbean Cruises by 257.4% during 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 period. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises during the second quarter valued at $27,000. Versant Capital Management Inc boosted its holdings in Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. AlphaMark Advisors LLC grew its position in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.