StockNews.com Downgrades Royal Caribbean Cruises (NYSE:RCL) to Sell

Royal Caribbean Cruises (NYSE:RCL) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

RCL has been the subject of a number of other research reports. Macquarie boosted 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. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Citigroup raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.31.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $168.35 on Monday. The firm has a market capitalization of $43.32 billion, a PE ratio of 21.69, a PEG ratio of 0.47 and a beta of 2.61. 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 has a fifty-two week low of $78.35 and a fifty-two week high of $173.40. The company’s 50-day moving average is $160.02 and its 200-day moving average is $148.58.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 earnings per share. Equities analysts forecast that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following 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 is available at this link. In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Naftali Holtz acquired 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 acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The disclosure for this purchase can be found here. Company insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $30,000. Versant Capital Management Inc increased its position in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares during the period. Finally, AlphaMark Advisors LLC raised its stake in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. 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.