Royal Caribbean Cruises (RCL) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Royal Caribbean Cruises (NYSE: RCL) recently:

• 7/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Susquehanna from $160.00 to $180.00. They now have a “positive” rating on the stock.
• 7/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Macquarie from $165.00 to $189.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Royal Caribbean Cruises had its price target raised by analysts at Barclays PLC from $185.00 to $195.00. They now have an “overweight” rating on the stock.
• 7/26/2024 – Royal Caribbean Cruises had its price target raised by analysts at Mizuho from $168.00 to $195.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – Royal Caribbean Cruises had its price target raised by analysts at JPMorgan Chase & Co. from $175.00 to $210.00. They now have an “overweight” rating on the stock.
• 7/23/2024 – Royal Caribbean Cruises had its price target raised by analysts at Bank of America Co. from $145.00 to $172.00. They now have a “neutral” rating on the stock.
• 7/19/2024 – Royal Caribbean Cruises had its price target raised by analysts at Stifel Nicolaus from $180.00 to $200.00. They now have a “buy” rating on the stock.
• 7/17/2024 – Royal Caribbean Cruises had its price target raised by analysts at The Goldman Sachs Group, Inc. from $170.00 to $195.00. They now have a “buy” rating on the stock.
• 7/12/2024 – Royal Caribbean Cruises had its price target raised by analysts at Barclays PLC from $165.00 to $185.00. They now have an “overweight” rating on the stock.
• 6/26/2024 – Royal Caribbean Cruises had its price target raised by analysts at Citigroup Inc. from $165.00 to $204.00. They now have a “buy” rating on the stock.
• 6/24/2024 – Royal Caribbean Cruises had its price target raised by analysts at JPMorgan Chase & Co. from $173.00 to $175.00. They now have an “overweight” rating on the stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded up $1.77 during trading hours on Tuesday, reaching $156.91. 2,430,283 shares of the company were exchanged, compared to its average volume of 2,525,021. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37. The business’s 50 day simple moving average is $156.48 and its 200-day simple moving average is $139.28. 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 stock has a market capitalization of $40.38 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.44 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company posted $1.82 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

Insider Buying and Selling

In other news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares of the company’s stock, valued at $7,338,460.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,940 shares of company stock worth $13,667,094. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds have recently bought and sold shares of RCL. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Unique Wealth Strategies LLC bought a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $27,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc lifted its position in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

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.