Investment Analysts’ Weekly Ratings Updates for Royal Caribbean Cruises (RCL)

A number of firms have modified their ratings and price targets on shares of Royal Caribbean Cruises (NYSE: RCL) recently:

• 9/26/2024 – Royal Caribbean Cruises had its price target raised by analysts at Truist Financial Co. from $175.00 to $204.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Royal Caribbean Cruises was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/16/2024 – Royal Caribbean Cruises was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/16/2024 – Royal Caribbean Cruises had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $213.00. They now have an “overweight” rating on the stock.
• 9/6/2024 – Royal Caribbean Cruises was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/28/2024 – Royal Caribbean Cruises was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/7/2024 – Royal Caribbean Cruises had its price target raised by analysts at Morgan Stanley from $140.00 to $154.00. They now have an “equal weight” rating on the stock.

Royal Caribbean Cruises Trading Down 0.8 %

Shares of Royal Caribbean Cruises stock traded down $1.43 during trading hours on Thursday, hitting $173.53. The company’s stock had a trading volume of 31,405 shares, compared to its average volume of 2,450,418. The stock has a market cap of $44.66 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 0.51 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $184.41. The firm has a fifty day moving average of $162.03 and a 200-day moving average of $152.13. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate 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 net margin of 16.32% and a return on equity of 52.49%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the company’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 completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of the firm’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 value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently added to or reduced their stakes in the business. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises during the second quarter valued at $27,000. Versant Capital Management Inc boosted its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. AlphaMark Advisors LLC increased its position 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 purchasing an additional 140 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth approximately $30,000. 87.53% of the stock is owned by institutional investors and hedge funds.

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.