Royal Caribbean Cruises (NYSE:RCL) PT Raised to $195.00 at Barclays

Royal Caribbean Cruises (NYSE:RCL) had its price objective upped by Barclays from $185.00 to $195.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on RCL. Mizuho raised their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a buy rating in a research note on Friday, April 26th. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a buy rating in a research report on Wednesday, July 17th. Bank of America raised their price target on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a neutral rating in a research report on Tuesday, July 23rd. Argus raised their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a buy rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $172.25.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $155.14 on Friday. Royal Caribbean Cruises has a 1 year low of $78.35 and a 1 year high of $173.37. The firm’s fifty day simple moving average is $156.48 and its 200 day simple moving average is $139.28. 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 firm has a market capitalization of $39.93 billion, a PE ratio of 19.99, a PEG ratio of 0.44 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business posted $1.82 EPS. Royal Caribbean Cruises’s revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Caribbean Cruises will post 11.63 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders 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. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. Insiders sold 92,940 shares of company stock valued at $13,667,094 in the last ninety days. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $30,000. Versant Capital Management Inc grew its position in shares of 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 period. Finally, AlphaMark Advisors LLC grew its position in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

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.