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

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $284.12.

Several analysts recently issued reports on RCL shares. Argus upped their price target 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. Macquarie upped their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Truist Financial lifted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Susquehanna raised their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a report on Wednesday, January 29th.

Royal Caribbean Cruises Stock Down 2.2 %

Shares of NYSE RCL opened at $264.39 on Monday. The firm’s 50 day moving average price is $242.24 and its 200 day moving average price is $204.62. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $277.08. The firm has a market cap of $71.09 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $1.25 earnings per share. As a group, sell-side analysts anticipate that Royal Caribbean Cruises will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 20.58%.

Insider Buying and Selling

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred 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. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock worth $87,647,208 in the last 90 days. 7.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises during the third quarter worth about $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth about $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. 87.53% of the stock is owned by institutional investors and hedge funds.

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.