Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $195.00 at The Goldman Sachs Group

Royal Caribbean Cruises (NYSE:RCL) had its target price raised by investment analysts at The Goldman Sachs Group from $170.00 to $195.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 16.53% from the company’s previous close.

RCL has been the subject of a number of other reports. Citigroup increased their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Barclays increased their price target on Royal Caribbean Cruises from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Bank of America increased their price target on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Truist Financial raised their price objective on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Mizuho raised their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $164.44.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL traded down $4.74 during trading hours on Wednesday, hitting $167.34. 814,439 shares of the company’s stock traded hands, compared to its average volume of 2,494,811. Royal Caribbean Cruises has a 52 week low of $78.35 and a 52 week high of $172.64. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The company’s fifty day simple moving average is $152.83 and its two-hundred day simple moving average is $136.76. The company has a market cap of $43.06 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 0.51 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises will post 11.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total value of $3,393,222.21. Following the completion of the sale, the chief executive officer now owns 98,850 shares in the company, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. In the last three months, insiders sold 152,884 shares of company stock valued at $22,052,985. 7.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Large investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $30,000. Versant Capital Management Inc grew its holdings in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $33,000. Institutional investors own 87.53% of the company’s stock.

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.