Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Royal Caribbean Cruises Stock Down 1.3 %
RCL stock opened at $164.62 on Friday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The firm has a market cap of $42.36 billion, a PE ratio of 21.21, a P/E/G ratio of 0.44 and a beta of 2.62. The firm’s fifty day moving average is $159.04 and its 200 day moving average is $144.57.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 earnings per share. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.
Royal Caribbean Cruises Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Citigroup raised their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Mizuho raised their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Argus lifted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Morgan Stanley increased 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 report on Wednesday, August 7th. Finally, Tigress Financial lifted their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.13.
Read Our Latest Research Report on Royal Caribbean Cruises
Hedge Funds Weigh In On Royal Caribbean Cruises
A number of large investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Unique Wealth Strategies LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth about $27,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $30,000. Versant Capital Management Inc increased its stake in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.
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.
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