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 – Get Free Report) 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
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.
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