Brokerages Set Royal Caribbean Cruises Ltd. (NYSE:RCL) Price Target at $197.27

Royal Caribbean Cruises Ltd. (NYSE:RCL) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $214.00.

Several equities analysts have issued reports on RCL shares. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Bank of America upped their price objective on Royal Caribbean Cruises from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group upped 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 report on Wednesday, July 31st. Barclays boosted their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their target price on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday.

Royal Caribbean Cruises Stock Down 0.8 %

Shares of NYSE RCL opened at $208.34 on Friday. Royal Caribbean Cruises has a 12-month low of $83.25 and a 12-month high of $214.12. The stock has a market cap of $53.62 billion, a P/E ratio of 22.72, a PEG ratio of 0.58 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The business’s fifty day simple moving average is $179.29 and its 200-day simple moving average is $160.68.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 earnings per share. As a group, equities analysts predict that Royal Caribbean Cruises will post 11.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of hedge funds have recently made changes to their positions in the business. D1 Capital Partners L.P. boosted its position in shares of Royal Caribbean Cruises by 105.7% in the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after buying an additional 777,103 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Royal Caribbean Cruises during the 1st quarter valued at $66,279,000. International Assets Investment Management LLC increased its stake in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after buying an additional 406,048 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares in the last quarter. Finally, Capital International Investors boosted its position in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after buying an additional 286,868 shares during the last quarter. Hedge funds and other 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.