Royal Caribbean Cruises (NYSE:RCL) PT Raised to $183.00 at UBS Group

Royal Caribbean Cruises (NYSE:RCL) had its target price upped by UBS Group from $168.00 to $183.00 in a report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on RCL. Mizuho lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an outperform rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Macquarie increased their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an outperform rating in a report on Tuesday, July 30th. Finally, Argus upped their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a buy rating in a report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $179.69.

Royal Caribbean Cruises Stock Down 6.2 %

Shares of Royal Caribbean Cruises stock opened at $138.85 on Wednesday. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 0.41 and a beta of 2.62. Royal Caribbean Cruises has a twelve month low of $78.35 and a twelve month high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The business’s 50 day simple moving average is $156.63 and its 200-day simple moving average is $139.95.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. Equities research analysts forecast that Royal Caribbean Cruises will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.62%.

Insider Activity

In other Royal Caribbean Cruises news, insider Richard D. Fain 19,338 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Michael W. Bayley sold 24,201 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the transaction, the chief executive officer now owns 98,850 shares in the company, valued at approximately $13,859,758.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard D. Fain 19,338 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders have sold a total of 92,940 shares of company stock worth $13,667,094 in the last ninety days. Corporate insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors have recently bought and sold shares of the stock. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth about $27,000. Versant Capital Management Inc lifted 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 worth $30,000 after purchasing an additional 172 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. AlphaMark Advisors LLC boosted 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 worth $32,000 after purchasing an additional 140 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $30,000. 87.53% of the stock is currently owned by 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.