Mizuho Raises Royal Caribbean Cruises (NYSE:RCL) Price Target to $168.00

Royal Caribbean Cruises (NYSE:RCL) had its target price lifted by Mizuho from $164.00 to $168.00 in a research report sent to investors on Friday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a buy rating in a research report on Thursday, February 22nd. Barclays raised their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a report on Friday. Macquarie upped their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a report on Friday, March 15th. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a positive rating in a research note on Friday. Finally, UBS Group boosted their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a buy rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Stock Up 2.0 %

Royal Caribbean Cruises stock opened at $143.35 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a one year low of $65.10 and a one year high of $143.62. The company has a 50-day simple moving average of $130.74 and a 200-day simple moving average of $118.25. The firm has a market capitalization of $36.89 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted ($0.23) EPS. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. As a group, equities analysts expect that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds have recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. ST Germain D J Co. Inc. increased its stake in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at about $30,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $33,000. Institutional investors and hedge funds 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.