Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $220.00.

RCL has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. Finally, Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises 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 of the company’s stock, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. 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 company insiders.

Institutional Trading of Royal Caribbean Cruises

Several large investors have recently modified their holdings of the stock. Anchor Investment Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 175.0% during the 3rd quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Royal Caribbean Cruises by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 75 shares during the period. Virtue Capital Management LLC bought a new position in Royal Caribbean Cruises in the 3rd quarter valued at approximately $210,000. Coldstream Capital Management Inc. boosted its position in Royal Caribbean Cruises by 9.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,796 shares of the company’s stock worth $1,053,000 after buying an additional 505 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its holdings in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after acquiring an additional 13,520 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $241.49 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a market cap of $64.93 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59. The business has a 50 day simple moving average of $201.02 and a 200 day simple moving average of $171.70. Royal Caribbean Cruises has a 52-week low of $103.61 and a 52-week high of $242.20.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during 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 quarter in the prior year, the firm earned $3.85 earnings per share. Analysts anticipate that Royal Caribbean Cruises will post 11.64 earnings per share for the current fiscal year.

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.