Royal Caribbean Cruises (NYSE:RCL) Hits New 12-Month High at $143.71

Royal Caribbean Cruises Ltd. (NYSE:RCL) hit a new 52-week high on Tuesday . The stock traded as high as $143.71 and last traded at $143.65, with a volume of 438859 shares trading hands. The stock had previously closed at $143.25.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RCL. Macquarie increased their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. UBS Group upped their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Bank of America upped their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $146.13.

Royal Caribbean Cruises Stock Performance

The company’s 50-day moving average price is $132.78 and its two-hundred day moving average price is $120.16. The stock has a market cap of $36.44 billion, a PE ratio of 18.46, a PEG ratio of 0.41 and a beta of 2.49. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) EPS. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current year.

Insider Activity

In related news, CAO Henry L. Pujol sold 9,944 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Henry L. Pujol sold 9,944 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,697 shares of company stock valued at $9,749,357. Corporate insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently made changes to their positions in RCL. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at $26,000. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.