Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $220.00.

A number of analysts have recently weighed in on the stock. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Mizuho lifted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays upped their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $234.67 on Wednesday. The stock has a market capitalization of $63.10 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. Royal Caribbean Cruises has a one year low of $102.77 and a one year high of $238.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The business’s 50 day simple moving average is $196.62 and its two-hundred day simple moving average is $169.67.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 EPS. Analysts forecast that Royal Caribbean Cruises will post 11.64 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 10.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,796 shares of company stock valued at $7,170,759 in the last three months. Company insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises in the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises during the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $27,000. Finally, LRI Investments LLC purchased a new stake in Royal Caribbean Cruises during the 3rd quarter valued at $31,000. 87.53% of the stock is currently owned by institutional investors.

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.