Royal Caribbean Cruises (NYSE:RCL) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Royal Caribbean Cruises (NYSE:RCL) from a hold rating to a sell rating in a report published on Monday morning.

Other analysts also recently issued research reports about the company. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley raised their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Truist Financial increased their price objective on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Susquehanna upped their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $231.76 on Monday. The company has a 50 day moving average price of $195.09 and a 200 day moving average price of $168.99. The firm has a market capitalization of $62.31 billion, a P/E ratio of 23.82, a PEG ratio of 0.61 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises has a 52 week low of $102.77 and a 52 week high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $3.85 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises will post 11.64 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade represents a 10.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,796 shares of company stock valued at $7,170,759 in the last three months. 7.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth approximately $26,000. Unique Wealth Strategies LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter worth $27,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth $27,000. Versant Capital Management Inc raised its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.