Royal Caribbean Cruises (NYSE:RCL) Given New $185.00 Price Target at Barclays

Royal Caribbean Cruises (NYSE:RCL) had its price objective increased by Barclays from $165.00 to $185.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 11.20% from the company’s previous close.

A number of other analysts have also commented on the company. Argus raised their price target on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Truist Financial increased their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Susquehanna increased their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Bank of America increased their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.38.

Royal Caribbean Cruises Price Performance

RCL traded up $3.19 during midday trading on Friday, hitting $166.37. The stock had a trading volume of 794,155 shares, compared to its average volume of 2,508,067. The company has a market cap of $42.82 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 0.49 and a beta of 2.62. The business has a fifty day moving average of $151.17 and a 200 day moving average of $135.83. 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 has a 1 year low of $78.35 and a 1 year high of $166.64.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. As a group, equities analysts forecast that Royal Caribbean Cruises will post 11.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated 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 transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,884 shares of company stock valued at $22,052,985. Insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kowal Investment Group LLC raised its stake in Royal Caribbean Cruises by 4.0% during the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after purchasing an additional 87 shares during the period. Pitcairn Co. boosted its holdings in Royal Caribbean Cruises by 3.8% during the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock valued at $330,000 after acquiring an additional 88 shares during the period. West Branch Capital LLC boosted its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp boosted its holdings in Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after acquiring an additional 100 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Royal Caribbean Cruises by 11.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after acquiring an additional 107 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

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.