Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $230.00 by Analysts at Stifel Nicolaus

Royal Caribbean Cruises (NYSE:RCL) had its price objective boosted by Stifel Nicolaus from $200.00 to $230.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 17.76% from the stock’s previous close.

Other analysts have also issued reports about the stock. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho increased their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, UBS Group increased their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $189.06.

Royal Caribbean Cruises Trading Up 0.9 %

Shares of RCL stock traded up $1.73 on Friday, reaching $195.32. 739,194 shares of the company’s stock were exchanged, compared to its average volume of 2,427,488. The company’s fifty day simple moving average is $165.63 and its 200 day simple moving average is $154.11. The stock has a market capitalization of $50.27 billion, a PE ratio of 21.29, a P/E/G ratio of 0.55 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises has a 52 week low of $78.35 and a 52 week high of $196.07.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises will post 11.63 EPS for the current year.

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently made changes to their positions in the business. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth approximately $27,000. Versant Capital Management Inc raised its position in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth $26,000. AlphaMark Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $30,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

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.