Royal Caribbean Cruises (NYSE:RCL) Given New $300.00 Price Target at Macquarie

Royal Caribbean Cruises (NYSE:RCL) had its price objective raised by equities research analysts at Macquarie from $250.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 10.62% from the company’s previous close.

RCL has been the topic of a number of other reports. Bank of America upped their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Barclays upped their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial lifted their price objective on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Susquehanna raised their price target on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $274.19.

Royal Caribbean Cruises Trading Up 0.8 %

Shares of RCL traded up $2.10 during trading hours on Thursday, reaching $271.19. 529,676 shares of the company traded hands, compared to its average volume of 2,390,450. Royal Caribbean Cruises has a 12 month low of $113.10 and a 12 month high of $272.00. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The company’s fifty day moving average price is $239.12 and its two-hundred day moving average price is $200.69. The company has a market capitalization of $72.92 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. During the same quarter in the prior year, the business posted $1.25 EPS. Equities research analysts predict that Royal Caribbean Cruises will post 11.66 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock valued at $87,647,208 over the last ninety days. 7.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently made changes to their positions in RCL. International Assets Investment Management LLC lifted its position in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after acquiring an additional 406,048 shares during the period. AustralianSuper Pty Ltd boosted its position in Royal Caribbean Cruises by 2,042.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after buying an additional 117,152 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Royal Caribbean Cruises by 138.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after buying an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Royal Caribbean Cruises during the 3rd quarter valued at approximately $14,544,000. Finally, Dakota Wealth Management boosted its holdings in shares of Royal Caribbean Cruises by 3,935.2% in the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after acquiring an additional 74,966 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other 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.