Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $165.00

Royal Caribbean Cruises (NYSE:RCL) had its target price raised by analysts at Barclays from $154.00 to $165.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 17.36% from the company’s previous close.

A number of other brokerages also recently commented on RCL. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Susquehanna upped their target price on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Morgan Stanley upped their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Mizuho initiated coverage on shares of Royal Caribbean Cruises in a report on Wednesday, April 17th. They issued a “buy” rating and a $164.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of NYSE:RCL opened at $140.59 on Friday. Royal Caribbean Cruises has a 52 week low of $59.38 and a 52 week high of $141.70. The company’s 50 day moving average is $130.20 and its two-hundred day moving average is $117.67. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The company has a market cap of $36.09 billion, a PE ratio of 18.12, a P/E/G ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm posted ($0.23) EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. Equities analysts predict that Royal Caribbean Cruises will post 10.8 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $323,251,000. Eagle Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $79,392,000. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after purchasing an additional 487,327 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at about $66,279,000. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Royal Caribbean Cruises by 476.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock valued at $43,381,000 after purchasing an additional 389,095 shares in the last quarter. 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.