Royal Caribbean Cruises (NYSE:RCL) Research Coverage Started at Mizuho

Mizuho started coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $164.00 price target on the stock.

Several other research firms have also commented on RCL. Argus boosted their price target on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a buy rating in a report on Thursday, December 21st. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a research note on Friday, March 15th. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Finally, UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a buy rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $136.94.

Royal Caribbean Cruises Trading Up 1.2 %

NYSE:RCL opened at $129.21 on Wednesday. Royal Caribbean Cruises has a one year low of $59.37 and a one year high of $141.70. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market cap of $33.17 billion, a P/E ratio of 20.77, a P/E/G ratio of 0.46 and a beta of 2.52. The firm has a 50-day simple moving average of $128.21 and a 200-day simple moving average of $115.81.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted ($1.12) EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts anticipate that Royal Caribbean Cruises will post 10.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of large investors have recently added to or reduced their stakes in RCL. Dagco Inc. acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. ST Germain D J Co. Inc. raised its position in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $30,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.