Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, Tigress Financial Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price target hoisted by equities research analysts at Tigress Financial from $210.00 to $270.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s price objective would indicate a potential upside of 19.85% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup lifted their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Macquarie raised their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho upped their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $225.28 on Thursday. The stock’s fifty day moving average is $186.20 and its 200-day moving average is $164.61. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a 52 week low of $92.15 and a 52 week high of $228.08. The stock has a market capitalization of $60.57 billion, a PE ratio of 23.15, a PEG ratio of 0.60 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $3.85 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current fiscal year.

Insider Activity

In related news, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,596 shares of company stock worth $8,090,059 in the last quarter. Corporate insiders own 7.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at $115,000. Csenge Advisory Group lifted its stake in shares of Royal Caribbean Cruises by 30.3% during the 1st quarter. Csenge Advisory Group now owns 2,075 shares of the company’s stock worth $288,000 after buying an additional 483 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Royal Caribbean Cruises by 32.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,834 shares of the company’s stock valued at $950,000 after buying an additional 1,672 shares during the last quarter. Empowered Funds LLC raised its holdings in Royal Caribbean Cruises by 1,397.2% in the 1st quarter. Empowered Funds LLC now owns 33,733 shares of the company’s stock valued at $4,689,000 after acquiring an additional 31,480 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Royal Caribbean Cruises by 179.6% during the first quarter. Oppenheimer & Co. Inc. now owns 15,610 shares of the company’s stock worth $2,170,000 after acquiring an additional 10,028 shares during the last quarter. 87.53% of the stock is 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.