Stifel Nicolaus Raises Royal Caribbean Cruises (NYSE:RCL) Price Target to $230.00

Royal Caribbean Cruises (NYSE:RCL) had its price objective raised by Stifel Nicolaus from $200.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on RCL. Tigress Financial boosted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a buy rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a buy rating in a research note on Wednesday, July 17th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Macquarie upped their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. Finally, Truist Financial lifted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a buy rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of Moderate Buy and an average price target of $189.06.

Royal Caribbean Cruises Stock Up 1.1 %

Shares of Royal Caribbean Cruises stock opened at $195.69 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The company has a market cap of $50.36 billion, a P/E ratio of 25.22, a PEG ratio of 0.55 and a beta of 2.61. The firm’s 50 day moving average price is $166.77 and its 200-day moving average price is $154.75. Royal Caribbean Cruises has a 52-week low of $78.35 and a 52-week high of $196.07.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Royal Caribbean Cruises will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling

In other Royal Caribbean Cruises 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 sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RCL. Scarborough Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $30,000. Versant Capital Management Inc boosted 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 purchasing an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Royal Caribbean Cruises by 233.3% during the 2nd 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. Institutional investors and hedge funds 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.