Royal Caribbean Cruises (NYSE:RCL) Stock Rating Upgraded by StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other brokerages also recently commented on RCL. Truist Financial raised their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. UBS Group raised their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.31.

Royal Caribbean Cruises Price Performance

RCL opened at $175.96 on Tuesday. The firm has a 50-day moving average price of $160.63 and a 200-day moving average price of $149.90. Royal Caribbean Cruises has a twelve month low of $78.35 and a twelve month high of $176.13. 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 capitalization of $45.28 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 0.49 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $1.82 EPS. Royal Caribbean Cruises’s revenue was up 16.4% compared to the same quarter last year. Equities analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz acquired 5,350 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly 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 currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. D1 Capital Partners L.P. raised its holdings in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after buying an additional 777,103 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $79,392,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Royal Caribbean Cruises during the first quarter valued at about $66,279,000. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the period. Finally, Junto Capital Management LP bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $47,950,000. Institutional investors own 87.53% of the company’s stock.

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.