Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price target lifted by JPMorgan Chase & Co. from $213.00 to $243.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 16.64% from the company’s previous close.

Several other research analysts have also recently weighed in on RCL. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. The Goldman Sachs Group boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Susquehanna boosted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Royal Caribbean Cruises Stock Down 0.8 %

Royal Caribbean Cruises stock opened at $208.34 on Tuesday. The stock has a market capitalization of $53.62 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises has a twelve month low of $83.25 and a twelve month high of $214.12. 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 50 day moving average of $179.29 and a 200-day moving average of $160.68.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.85 earnings per share. On average, equities research analysts anticipate that Royal Caribbean Cruises will post 11.61 EPS for the current fiscal year.

Insider Activity

In related news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 27,388 shares in the company, valued at $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. Insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently modified their holdings of the business. FSM Wealth Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 3.2% in the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after acquiring an additional 51 shares in the last quarter. Venture Visionary Partners LLC grew its stake in shares of Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after acquiring an additional 62 shares in the last quarter. Ignite Planners LLC grew its stake in shares of Royal Caribbean Cruises by 4.3% in the third quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after acquiring an additional 77 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Royal Caribbean Cruises by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock valued at $1,291,000 after acquiring an additional 81 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.