Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price target boosted by Morgan Stanley from $190.00 to $210.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 7.49% from the company’s current price.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Macquarie increased their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.25.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $227.00 on Wednesday. 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 company has a market cap of $61.03 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a 50-day simple moving average of $235.32 and a 200-day simple moving average of $192.63. Royal Caribbean Cruises has a 12 month low of $113.10 and a 12 month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last issued 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. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm posted $3.85 EPS. Royal Caribbean Cruises’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises will post 11.65 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Henry L. Pujol sold 6,723 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 404,332 shares of company stock valued at $94,299,521. Corporate insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in shares of Royal Caribbean Cruises by 76.1% during the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock worth $5,142,000 after buying an additional 12,530 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Royal Caribbean Cruises by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after acquiring an additional 7,298 shares during the last quarter. Souders Financial Advisors acquired a new position in Royal Caribbean Cruises during the 3rd quarter worth $800,000. Swiss National Bank increased its position in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after purchasing an additional 3,800 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $611,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.