Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives $220.00 Average PT from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $224.38.

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays raised their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their target price on 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, Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In related news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 407,405 shares of company stock worth $94,817,966 in the last three months. 7.95% of the stock is owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

Several institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in Royal Caribbean Cruises in the third quarter worth about $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $27,000. Versant Capital Management Inc lifted its position in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $244.50 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The stock has a market cap of $65.74 billion, a PE ratio of 25.13, a PEG ratio of 0.64 and a beta of 2.59. The company’s fifty day moving average is $203.96 and its 200 day moving average is $173.13. Royal Caribbean Cruises has a 52 week low of $103.99 and a 52 week high of $245.91.

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

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.